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In reply to the discussion: Obama says he's sorry Americans losing insurance [View all]christx30
(6,241 posts)And what was the insurance company supposed to do? They could send the letter that said "Starting January 1st, your policy will be brought up to the standards set forth in the ACA, but your price will triple. You can either stick with us, or you can go to the market place."
The end result would have been the same. People that were in policies that met their needs at a price they could afford would lose that. They would now be in policies that were way more than they wanted.
I like to use cable TV as an analogy for this: Someone has basic cable for $18/mo. They don't watch much TV. Just network stuff and PBS. Then along comes the law that says they have to get digital cable with a $10 box and all the premium channels for $100/mo. Something else in their life is going to have to give at some point. Even with subsidies they aren't going to be able to get down to what they were paying for basic TV. They might watch a show or two on discovery now that they have it. Hell, they might as well, now that they have no choice but to pay for it. But they are not eating as well. They are having to struggle with other bills. Or they'll just go without TV entirely and pay the fine. All because some busybody in Washington wanted to "enrich" their lives.