A few states including California, New York, and Massachussetts have decided that they will not allow consumers with canceled plans keep their insurance under the ACA. Governor Malloy will decide today whether he will follow their lead or let Connecticut residents keep theirs. In the past, he has been critical of President Obama’s decision to allow consumers to keep their insurance. Malloy will announce his decision outside the car show at the Connecticut Convention Center later today.
Health insurance companies across the country are seeking and winning double-digit increases in premiums for some of their customers, even though one of the biggest objectives of the Obama administration’s health care law was to stop rising consumer insurance costs.
The exchanges, a pillar of the healthcare law, are designed to allow Americans who don’t get coverage through work to buy insurance on the internet. Though they are slated to be fully operational by next fall, only 15 states, including Connecticut, have established an exchange.
States must notify the federal government by November 16 whether they intend to run their own exchange or defer to Washington.
President Barack Obama won four more years in office on Tuesday, describing his victory over Republican nominee Mitt Romney as a call to action that would help move the U.S. past the difficult times endured during the past four years and promising “the best is yet to come.”
Obama won Connecticut’s seven electoral votes in a state where registered Democrats heavily outnumber registered GOP voters.