Senator John Kerry (D-Mass.) today applauded the Obama Administration for protecting health care consumers from industry abuse while also ensuring that individuals and businesses can keep the quality health care plans they have now.
Implementing the grandfather provisions of the Affordable Care Act, this week the Department of Health and Human Services issued a new regulation for health coverage. Under the new rule, employers and insurers who are offering good coverage will keep offering it. They will only lose their "grandfathered status" if they significantly cut benefits or increase premiums, deductibles and co-pays on their enrollees.
"This rule provides vital new consumer protections, and ensures that if you like the quality health coverage you have today, you can keep it," said Sen. Kerry. "The Obama Administration is ending the worst insurance company abuses so they can't jack up premiums or slash benefits without warning. Still, the same special interests and politicians who tried to kill reform are now misleading and scaring Americans about this new protection. That kind of distortion and demagoguery sides with big insurers over the working Americans who need stable access to quality, affordable health care."