Feb. 7 (Bloomberg) — Health plans allowed to continue in 2014 though they don't comply with new Obamacare rules may be extended for as long as three years, Aetna Inc. Chief Executive Officer Mark Bertolini told investors.
The Obama administration hasn't yet decided whether Americans should be able to keep their insurance plans that don't meet certain coverage requirements in the Patient Protection and Affordable Care Act, known as Obamacare, Joanne Peters, a spokeswoman for the U.S. Department of Health and Human Services, said in an e-mail.
Health insurers told millions of Americans last fall that their existing policies would be canceled because the coverage didn't include such benefits as maternity care and prescription drugs. The cancellations generated consumer anger and political criticism. President Barack Obama in November announced that states could reinstate the plans for at least a year.
"We don't know what will happen with keep-what-you-have," Bertolini said Thursday on a conference call with investors and analysts, referring to Obama's oft-repeated promise that people with health plans they like could keep them. "There's some talk out there to have keep-what-you-have continue for three more years."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
