Small Firms May Not Keep Current Health Plans After White House Decision

When drafting ObamaCare, Congress left the decision of how to manage the transition for current plans to meet the new Washington-approved health care mandates up to the Administration. The Department of Health and Human Services has issued new rules, which will require many firms to drop their current coverage to comply. “Although President Obama and many Democrats promised during the health care reform debate that ‘if you like your health plan, you can keep it,’ the health insurance plans that are now offered by small businesses probably will not survive the transition to a regulated marketplace.