DENVER - More than two-thirds of the 250,000 people whose health policies the state Division of Insurance said last week where "terminated" have actually been offered renewals of existing plans through 2014, according to research by U.S. Sen. Mark Udall's office.
Thousands more of those can keep policies because they were "grandfathered" under different Affordable Care Act rules, Colorado insurance companies said, complicating the raging debate over Obamacare.
Insurance companies have been sending out cancellation notices to consumers with plans that don't meet minimum benefit levels required by the health-care act. President Obama on Thursday said those consumers should be able to keep their current plans through 2014, though he did not make rescinding the cancellations mandatory, or offer details.
Many of the cancelation notices, however, also contain language allowing customers to renew their existing policies.
One consumer advocacy group said that while the impact on the small number facing an absolute cancellation is real, "there's been a lot of hype and not a lot of drilling down into the facts."
Read more on this story from our partners at The Denver Post: http://ch7ne.ws/1hMlUSF