Obama Apologizes to Those of us Losing Our Great Health Insurance Plans

by Dave Hamilton in

On Wednesday, President Obama sat down with NBC and issued what amounts to a blanket apology to people like me who had very good health insurance plans which will be canceled as a part of ACA/ObamaCare next year (plans that he has called "substandard"). Apology accepted. And Obama also deserves a heartfelt attaboy for stepping up and admitting that this thing isn't perfect and that it's gonna hurt some folks. This is a good start. 

He also goes on to say, effectively, that he and his staff working as hard and fast as they can to fix this. That's great to hear, too, though I'd be very curious to learn more about what he means by that.

As I best understand it, plans like mine have to go away so that my family can be put into a group with a variety of people, including those previously uninsurable. If they don't bring me, a "low risk" person (and family) into that plan then how do they expect to lower the premiums for the previously "high risk" people?

After all it's just math, not magic.

Still, I'll be following with a watchful eye and an open mind. I have nothing to lose — I'll find my best path through the new system as I always have, and right now that means starting sometime next year my premiums will nearly double. We'll see how that comes to pass. The next six weeks will be very interesting.