Health plan cancellations were a known known
"Donald Rumsfeld, February 12, 2002:
There are known knowns; there are things we know that we know.
There are known unknowns; that is to say, there are things that we now know we don’t know.
But there are also unknown unknowns – there are things we do not know we don’t know
That many millions of people would not be able to keep their insurance plans even if they liked them was a known known throughout the time period Obama was saying otherwise. Not only did Eric Cantor and the CBO warn about it, so too did state regulators and industry officials.
NBC reports, Insurers, state officials say cancellation of health care policies just as they predicted:
Several insurance industry officials and state insurance commissioners expressed frustration Friday, saying they were “baffled” by President Barack Obama’s assertion that the cancellation of millions of insurance policies occurred because a key provision of the Affordable Care Act didn’t work as expected. The administration was warned three years ago that regulations would have exactly that effect, they said.
They said the widespread cancellations in the individual health insurance market — roughly 5 million and counting — are in line with what was projected under regulations drawn up by the administration in 2010, requirements that both insurers and businesses objected to at the time….
In comments filed in August and December 2010, America’s Health Insurance Plans — a trade group representing 1,300 insurance plans — urged the administration to “reconsider” grandfathering rules because they were too stringent to allow many to keep their policies.