BAD IDEA

Obamacare Fix Worries Insurers

President Obama’s attempt Thursday to quiet the growing furor over the rollout of the Affordable Care Act was met with universal disdain by regulators and insurance companies, who said changing the rules after the fact would disrupt the new insurance marketplace and cause premiums to rise. Louisiana’s insurance commissioner said the patch would cause “market disruptions” and premium hikes, and Washington’s top regulator simply refused to allow people to keep plans that had been made obsolete by the healthcare law. “I do not believe his proposal is a good deal for the state of Washington,” he said. Insurers described the complexity of un-canceling millions of plans they’ve already canceled and planned to phase out as “staggering.”