Since the individual mandate of Obamacare went into effect on Oct. 1, several insurance companies have canceled millions of sub-standard policies and then offered policyholders the most expensive new plan possible, while not mentioning less expensive new plans.
According to TalkingPointsMemo.com:
Across the country, insurance companies have sent misleading letters to consumers, trying to lock them into the companies' own, sometimes more expensive health insurance plans rather than let them shop for insurance and tax credits on the Obamacare marketplaces. which could lead to people [into]spending thousands more for insurance than the law intended. In some cases, mentions of the marketplace in those letters are relegated to a mere footnote, which can be easily overlooked.
Today, "Fox News Sunday" host Chris Wallace interviewed Karen Ignagni, president of America's Health Insurance Plans (AHIP), a lobbying group that represents the health insurance industry (video below).
Wallace didn't ask Ignagni about how insurance companies are telling policy holders about the expensive new plans, but not the cheaper ones, notes MediaMatters.org.
Instead, Wallace and Ignagni talked about how President Obama's recent fix, allowing people to keep their (sub-standard) insurance policy for a year, will somehow result in higher premiums for customers.
In other words, the health insurance industry plans to raise rates regardless of what President Obama does or says, but they will not take the blame for high prices or canceled policies.
In the past, Fox News has blamed Obamacare for insurance policy cancelations and aired numerous fake Obamacare "scare stories."
According to Reuters, the health insurance company UnitedHealth Group has dropped thousands of doctors from its insurance network because the insurer is not making enough profit from Medicare Advantage plans that cover the elderly. This choice by UnitedHealth Group will leave the seniors without a doctor.