Grandfathered Plans = Oxymoron?

[JMO Fan]

Nine out of 10 U.S. Companies Anticipate Losing Grandfather Status Under Health Care Reform ...
For Most Large Employers, Flexibility to Change Health Care Programs Outweighs Benefits Gained Under Grandfather Provisions
Tuesday August 10, 2010
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--While many U.S. companies initially hoped they could preserve much of their existing group health plans under the new grandfather provision, a new survey by Hewitt Associates ... shows that ... Ninety percent of companies ... anticipate losing grandfathered status by 2014, with the majority expecting to do so in the next two years.
...
According to Hewitt's survey ... most companies expect to lose grandfather status because of health plan design changes ... and/or changes to company subsidy levels
....
Hewitt's survey found that of those companies with self-insured plans, most (51 percent) expect to first lose grandfather status in 2011 and another 21 percent plan to lose status in 2012. This timing is similar for companies with fully insured medical plans, with the vast majority expecting to lose status in 2011 (46 percent) or 2012 (18 percent).
...
Most large employers would rather have the flexibility to change their benefit programs than be tied down to the limited modifications allowed under the new law."

Nine out of 10 U.S. Companies Anticipate Losing Grandfather Status Under Health Care Reform, According to New Hewitt Survey - Yahoo! Finance
What happened to "You can keep the coverage you have." ?!

 

[VolAgent]

What happened to "You can keep the coverage you have." ?!

It made a good sound blurb. Just like "Change you can believe in."

Can I have the status quo back please?

 

[nycagent]

to play devil's advocate, if they are going to lose grandfathered status because of plan design changes and/or subsidy changes, then you were already losing the coverage you already have.

 

[insurehound]

Like anything Obama says, it's all "Half truths" or "Half Lies". The system is geared to get rid of Grandfathered plans.