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Surprise, surprise! Insurance companies are already saying that they cannot go along with Obama’s decision to suspend the cancellation of insurance policies.
As stated by an insurance representative:
This a new insanity.
I do not know how the insurance carriers and federal government are going to be dealing with this. First, many states require a 60-day notice of a change in plan or a cancellation. It’s November 15! How can they comply with this new element of federal law, and with their state laws?
As I said, if I was an insurance company I would continue to simply follow Obamacare as written. This action carries the least legal risk.
Which means Obama’s proposal today is mere show and will accomplish nothing. The Democrats remain politically exposed. If the Republicans had any brains, they would move now to propose a full repeal of Obamacare.