8 health insurance reform winners and losers

LOSER: Consumer with canceled plan
LOSER: Consumer whose old plan was been canceled © ducu59us/

Thousands of consumers with insurance plans they purchased themselves to meet their specific needs and budgets have been surprised to receive letters telling them their policies have been canceled. In most cases, their plans didn't meet the standards of the Affordable Care Act.

"A new policy may cost more than the one that was canceled, but consumers may gain additional benefits from the new policy," says JoAnn Volk, a research professor at the Georgetown University Health Policy Institute in Washington, D.C.

Consumers who earn too much to qualify for Obamcare's subsidies may purchase insurance through an exchange but without the benefit of a tax credit, or shop for an individual policy outside of the exchanges.

"Probably the people who are most unhappy with the ACA are young, healthy people with higher incomes who were getting inexpensive individual insurance," says Jost. "They're facing higher rates and higher deductibles with the new insurance policies."

In November, President Barack Obama asked insurance companies to reinstate the canceled plans for one year, if states approved. Some did not. The administration also is allowing canceled policies to be replaced with lower-cost “catastrophic” coverage.


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