Obama Officials In 2010: 93 Million Americans Will Be Unable To Keep Their Health Plans Under Obamacare - Forbes
Looks like the "transitioning" to different compliant plans will hit group insurance policies too.Section 1251 of the Affordable Care Act contains what’s called a “grandfather” provision that, in theory, allows people to keep their existing plans if they like them. But subsequent regulations from the Obama administration interpreted that provision so narrowly as to prevent most plans from gaining this protection.
“The Departments’ mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013,” wrote the administration on page 34552. All in all, more than half of employer-sponsored plans will lose their “grandfather status” and get canceled. According to the Congressional Budget Office, 156 million Americans—more than half the population—was covered by employer-sponsored insurance in 2013.
Here is the link to the actual July 2010 grandfather memo: http://www.gpo.gov/fdsys/pkg/FR-2010...2010-14488.pdf