University Drops Student Health Insurance Due to Obamacare

Michelle Obama, Bowie State University / AP

If you like your health insurance plan, you can keep your plan, unless you are a student at Maryland’s oldest historically black university.

Bowie State University is dropping its health care coverage for students due to rising costs associated with Obamacare, the Maryland school announced Thursday.

"Due to new requirements of the Affordable Care Act which will go into effect on January 1, 2014, the cost of insurance for domestic students will increase to approximately $1800 per year," Bowie State announced."If you were covered by the university health insurance last Spring 2013, your policy will expire on August 29, 2013."

First Lady Michelle Obama was the commencement speaker for the university's spring 2013 ceremony, where she received a Honorary Doctor of Laws degree.