What Obama really meant to say was – you can keep your own individual healthcare policy as long as it meets my approval. And under Obamacare, if your policy doesn’t meet his federal requirements you’re not going to have any say in the matter – your insurer will automatically cancel your policy.
Ostensibly, the federal minimum insurance requirements are meant to protect consumers with a limit of $6,400 for copayments and out-of-pocket expenses. If your current policy doesn’t provide this coverage then your provider will be expected to change your policy so it’s compliant – never mind the fact that you can’t afford to pay for the additional coverage.
“You’re going to be forcibly upgraded,” said Bob Laszewski, a health care industry consultant. “It’s like showing up at the airline counter and being told, ‘You have no choice, $300 please. You’re getting a first-class ticket, why are you complaining?’”