Posted: Feb 18, 2014 2:42 PM
Updated: Feb 18, 2014 3:04 PM
Source: Associated Press
BATON ROUGE- Insurance Commissioner Jim Donelon's office says the number of people in Louisiana who won't be able to keep their current insurance coverage because of the federal health overhaul has dropped to 62,000.
President Barack Obama allowed insurance companies the option for one year to keep offering consumers plans that would otherwise be canceled.
Ileana Ledet, a spokeswoman for Donelon, says Blue Cross Blue Shield was the only company doing business in Louisiana in the individual market that offered the "transitional relief" to stave off cancellations.
She says 31,240 policyholders will be able to keep plans that otherwise would have ended because they don't meet federal requirements under Obama's health law.
However, that's only one-third of the 92,800 people in Louisiana that companies said had existing plans that didn't meet requirements.