CBS This Morning reported Tuesday more than two million Americans will not be able to renew their current health insurance policies because of Obamacare.
That is said to be more than triple the number of people buying insurance under the Affordable Care Act.
Correspondent Jan Crawford called the number “just the tip of the iceberg … despite the president’s assurances to the contrary,” referring to Obama’s infamous pledge that people who like their plan will be able to keep it under Obamacare.
Those numbers are certain to go even higher, Crawford said, with some companies telling CBS they have sent letters but not disclosing how many.
Industry experts like Larry Levitt of the Kaiser Family Foundation said the insurance companies have no choice because of Obamacare, forcing them to drop many of the plans that don’t meet the law’s 10 minimum standards.
“What we’re seeing now is the reality coming into play,” Levitt said.