Emma
Evil Liberal Leftist
The regulations and taxes will kill the health insurance industry .That is the point though.
They ain't going anywhere.
SEC. 102. PROTECTING THE CHOICE TO KEEP CURRENT
2 COVERAGE.
3 (a) GRANDFATHERED HEALTH INSURANCE COV4
ERAGE DEFINED.Subject to the succeeding provisions of
5 this section, for purposes of establishing acceptable cov6
erage under this division, the term grandfathered health
7 insurance coverage means individual health insurance
8 coverage that is offered and in force and effect before the
9 first day of Y1 if the following conditions are met:
10 (1) LIMITATION ON NEW ENROLLMENT.
Really if they cant sign up new members how will they grow or continue?
http://waysandmeans.house.gov/media/pdf/111/AAHCA09001xml.pdf
There's nothing that says private insurance can't sign new members.
Back up to page 102 and read the big bold letters starting with 'Title I'. Now read paragraph (a) underneath.
Now go down to page 18 (2) and keep reading.
What this does is state that current plans are grandfathered in without required changes until they sign on new members. THEN they must comply with the regulations (no exclusions for pre-existing conditions, renewal, non-discrimination in benefits, for example).