Released: April 02, 2013
Insurers see way to dodge federal healthcare law next year
Source: Chad Terhune, L.A.Times ( Free Registration )
A new fight is brewing over health insurance companies letting millions of Americans renew their current coverage for another year — and thereby avoid changes under the federal healthcare law.
That may offer a short-term benefit for certain consumers and shield some of those individual policyholders from potentially steep rate increases. But critics say this maneuver could undermine government efforts to remake the insurance market next year and keep premiums affordable overall.
At issue is a little-known loophole in President Obama's landmark legislation that enables health insurers to extend existing policies for nearly all of 2014.
Read Full Article: Insurers see way to dodge federal healthcare law next year
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