I’m a 53 year old engineer and started my own business over 23 years ago. I began buying health insurance once my business started making a profit approximately 21 years ago. Over most of that time I’ve seen slow, steady increases in my premiums. Since ObamaCare was signed into law 3-23-10, slow and steady was replaced by a 56% increase in my premium until I got a letter stating:
“Your health insurance policy with Pekin Life Insurance will terminate at midnight on December 31, 2013. After the Patient Protection and Affordable Care Act (PPACA) was passed in March of 2010 we discontinued sales of new policies. The following year we reached an agreement with another carrier to provide coverage for approximately 4000 of our policyholders in Illinois. This transaction did not involve any compensation to Pekin Life and was completed soley for the benefit of our customers. Since 2010, we have sought to arrange similar agreements with other carriers in our other states. We have been unable to find a provider to give or pay to take these policies.”
With the help of my insurance agent, I have been unsuccessful in my attempts to find coverage. Like most Americans, I was against ObamaCare from the start for reasons that are now becoming evident. Like so many others, ObamaCare cost me thousands and thousands of dollars more than I would have spent on health insurance for the last three years, and then forced my insurer to take my coverage away completely.
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