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Study: Health plan cancelations under ACA may have been unavoidable

Some have blamed the Affordable Care Act for the recent cancelations of nongroup health insurance plans, but a new study highlighted that these are just normal parts of the insurance benefits market.

Conducted by an assistant professor at Harvard School of Public Health, the study examined the stability of the insurance market before healthcare reform. It uncovered that high turnover is not entirely out of the norm, as every year as many as 6.2 million people can leave the health insurance market.

According to CBS News, this study is the first to showcase the stability of health coverage across the nation. However, while the ACA may not have had much of an impact in the number of people losing coverage this year, CBS News reported the Obama administration forecasts that the ACA may make the market more stable in the next few years. The transitional policy fix that allows insurers to keep existing plans even if they don’t completely comply with the ACA until 2017 may contribute to this.

“By the time it gets to 2016, I don’t think under any circumstances there’s going to be a wave of cancelation notices,” CBS News reported an administration official told reporters last month.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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