SPOTLIGHT: BREAKING HIS PROMISE?
Draft regulations by the Obama administration indicate that more than
half of employer-sponsored health care plans might lose their
"grandfathered status" in 2013 and be forced to change in order to
comply with regulations in the new health reform law. The regulations --
currently being written by HHS, as well as the Labor and Treasury
Departments -- contradict Obama's promise throughout the reform debate
that people who like their insurance plans will be able to keep them.
Grandfathered health plans are those that were implemented before the
new reform law was signed in March. Such plans are exempt from many, but
not all, of the law's consumer protections. The draft regulations
suggest that the plans could lose grandfathered status by making
significant changes in deductibles, co-payments or benefits. Health
plans often make such revisions due to increasing costs, making it
likely that many grandfathered plans will change enough to lose their
status.
Please access the attached hyperlink for an important electronic communications disclaimer: http://www.lse.ac.uk/collections/planningAndCorporatePolicy/legalandComplianceTeam/legal/disclaimer.htm
|