Tuesday, November 16, 2010

Big News for Grandpa

Well, well, well. Perhaps HHS Secretary Shecantbeserious is a closet IB reader. A while back, we reported that one way for a group to quickly lose "Grandfathered" status would be to switch carriers (while keeping benefits essentially the same). This is a tried-and-true strategy, with a long history of success. Unfortunately, it appeared that Ms Shecantbeserious had put a stop to it. Can't have folks saving money on their health insurance, after all.

Now comes word that the gummint is backing off of this silliness:

"Officials ... issued yesterday an amendment to interim final rules on grandfathered health plans under the Patient Protection and Affordable Care Act ... allows employers to provide the same level of coverage through a new health plan carrier and keep their grandfathered status."

Power to the people!
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