The reason for this is the Insurance companies should not have fraudulently sold insurance policies that they knew would become illegal this year when Obamacare came into play on October 1st. So, these policies they insurance companies knew would be invalid.
The question then was why would insurance companies do this? The main reason seems to be the following things:
1. Greed and
2. They wanted Obamacare to fail and to embarrass the president enough to make it fail in the short and long term.
3. By creating "illegal" policies it would create Obama as a liar to the American people when he said, "YOu can keep your doctor and your policy."
4. So, you have to blame the insurance companies themselves for making Obama a liar.
5 However, you still have to blame the Obama administration for not forcing Insurance companies to switch their policies over to legal ones that cover enough issues to be valid before October 1st 2013.
6. However, since the Obama Administration has to work with Insurance companies to make Obamacare work, likely many insurance companies who did this to policy holders likely will lose clients and some will go out of business as a direct result of their greed and trying to force Obamacare to fail.
7. other insurance companies that clients don't feel betrayed by who are making Obamacare work will rise to the surface. The companies supporting insurance holders will become more successful as the ones whose policies were cancelled feel betrayed and start new policies with other companies at lower prices.
8. So, in the end those fighting against Obamacare as insurance companies likely will begin to fail as companies and those supporting Obamacare likely will be successful and make a lot of money in the next few years.
9. So, because "You can't fight the Government" in the long run joining the companies who support Obamacare likely will be an incredible business opportunity for newer more progressive insurance companies ongoing.
10. And companies who failed clients by cancelling policies that should have already been converted will tend to be rejected by newer clients in the future. This is just free competition that exists in the U.S. insurance markets.
To the best of my ability I write about my experience of the Universe Past, Present and Future
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