President Obama kept defending the Democrat’s Health Care Bill by saying that if you were happy with your current coverage you would be able to keep it.

Well, not really.

SEC. 202. PROTECTING THE CHOICE TO KEEP CURRENT COVERAGE.

(a) Grandfathered Health Insurance Coverage Defined- Subject to the succeeding provisions of this section, for purposes of establishing acceptable coverage under this division, the term ‘grandfathered health insurance coverage’ means individual health insurance coverage that is offered and in force and effect before the first day of Y1 if the following conditions are met:

(1) LIMITATION ON NEW ENROLLMENT-

    (A) IN GENERAL- Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day of Y1.

    (B) DEPENDENT COVERAGE PERMITTED- Subparagraph (A) shall not affect the subsequent enrollment of a dependent of an individual who is covered as of such first day.

(2) LIMITATION ON CHANGES IN TERMS OR CONDITIONS- Subject to paragraph (3) and except as required by law, the issuer does not change any of its terms or conditions, including benefits and cost-sharing, from those in effect as of the day before the first day of Y1.

(3) RESTRICTIONS ON PREMIUM INCREASES- The issuer cannot vary the percentage increase in the premium for a risk group of enrollees in specific grandfathered health insurance coverage without changing the premium for all enrollees in the same risk group at the same rate, as specified by the Commissioner.


In other words, you can keep it as long as absolutely nothing is changed when it comes to your insurance. The minute anything is altered by you insurer, it must meet all the requirements imposed by the House Bill.

Plus, your insurer can no longer enroll new participants in your particular plan.  That means if you have a plan offered by you employer, they could not enroll new employees in the plan unless it met the Government imposed requirements.

That forces employers to either carry two types of plans, or shift all employees to a new plan in order to cover new employees.

Employers that currently carry insurance that does not meet the requirements imposed by this bill will basically be forced to change to a plan that does.  If you get insurance from your employer, and it currently does not meet the imposed requirements, you will not be able to keep it.