7 Million Will Lose Insurance Under Obamacare

A friend of mine in CA, who owned a grandfathered PacificCare policy, which was bought out by Goldenrule a few years back, just received a letter that his policy will terminate on 12/31/13 since the pool has shrunk so much, they will be terminating the whole pool, and he can buy a policy on the new exchange in 14'. (Goldenrule does not sell IFP in CA). The exchanges are giving an "out" to insurance companies to drop small pools.

Now he can't keep his GF plan, and will get screwed in 2014 with his higher income. What happened to Obama's promises?
 
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