Interesting that a bill to help the uninsured get insurance creates so many....uninsured.
Calif. Insurance Commissioner: More Than 1M Californians Having Insurance Cancelled Due To ACA
...More than 1 million cancellation notices have been sent to Californians as the Affordable Care Act begins allowing individuals to buy insurance through exchanges, Jones said. The federal law requires policies to offer minimum levels of coverage, forcing companies to terminate many existing plans. But Jones said that under the law, insurers have another year to do so.
...The state health care exchange, Covered California, has been accepting customers since Oct. 1 but has yet to say how many people have signed up for new policies. It is expected to announce enrollment figures Thursday.
Jones said even though both insurance companies have extended their existing coverage, policyholders who are eligible for federal premium subsidies through Covered California will likely want to choose new policies by Dec. 15 so they can begin receiving the subsidies starting Jan. 1.