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IronLionZion

(51,215 posts)
14. the existing junk plans can be grandfathered in according to the law.
Tue Oct 29, 2013, 10:45 PM
Oct 2013

the law says they can't sell new plans that don't cover the minimums, not to cancel the old plans. Insurance companies are canceling existing plans instead of grandfathering because they feel like it, not because they are required to. It makes business sense for them to try to simplify their offerings and get more revenue.

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