A firestorm of criticism and outrage among Americans over the implementation of Obamacare sparked a response from President Obama on Thursday. In an effort to lessen the frustration many are feeling, the president is presenting a fix.
Many of the Obamacare guidelines such as the individual mandate and the online marketplace exchange were not where the president focused his attention; but rather unveiling a plan that would help side step those who are about to and already have lost their coverage.
"I said that I would do everything we can to fix this problem, and today I'm offering an idea that will help do it," said Obama.
That idea? Insurers can now extend their plans for one year to individuals whose coverage would be cancelled, and Americans whose plans have already been cancelled because their current provider did not meet the basic Obamacare guidelines, will now be able to re-enroll.
"We fumbled the rollout on this healthcare law," said Obama.
But this fumble may see bigger repercussions than the white house hoped for. Montana Securities and Insurance Commissioner, Monica Lindeen says that while insurance companies will be able to continue coverage, prices will rise because of the adjustments companies will have to make in order to comply with Obamacare guidelines.
"I think that there are going to be decisions that insurance companies are going to make, that are going to be primarily financial decisions that people out of the market are going to have to either accept or not accept," said RiverStone Health President and CEO, John Felton.
In a written statement, Lindeen says, "I am also in conversations with Montana's insurance companies to see how this announcement affects their business plans and Montana consumers."
Which is something that has not yet been determined.
If you have any questions, and undoubtedly you do, about how the year long extension may affect your coverage, there are many experts in the Billings area that would be happy to walk you through the details.
Certified Application Counselors are available at the following organizations in Yellowstone County:
RiverStone Health: (406) 651-6540
Billings Clinic: (406) 238-2601
St. Vincent Healthcare: (406) 237-3950
Montana Migrant Council: (406) 248-3149
Planned Parenthood: (406) 869-5053
Parents, Let's Unite for Kids (PLUK): (406) 255-0540