Gretchen Harders Quoted in Article, “Success of Obama Insurance ‘Fix’ May Depend on Insurer Response”

Part B News

Gretchen Harders, a Member of the Firm in the Employee Benefits practice, in the New York office, was quoted in an article titled "Success of Obama Insurance 'Fix' May Depend on Insurer Response."

Following is an excerpt:

On Nov. 14, President Obama announced a fix to a perceived problem with the Affordable Care Act (ACA) that caused some health insurance customers whose plans were not "grandfathered" under the law to be changed by their insurers, in contradiction to the "If you like your plan, you can keep it" promise on which Obama campaigned. ?...

Referring to the grandfather clause that allows citizens to keep non-ACA-compliant plans they had as of March 23, 2010, Obama said, "we're going to extend that principle both to people whose plans have changed since the law took effect, and to people who bought plans since the law took effect." ?...

Though the president of industry group America's Health Insurance Plans (AHIP) publicly complained about Obama's plan, it's not yet known how the insurers will react, says Gretchen Harders, an attorney with the law firm Epstein Becker Green in New York City. "What is not clear is whether insurers will be able to — or choose to — offer renewals at the same rate," she says. If that issue can be settled quickly, "insurers might be in a better position to renew the existing policies, while transitioning into new coverage at 2014 rates," Harders says.