Misrepresentations in the Affordable Care Act

January 23, 2014
Matt Kokkonen

Matt Kokkonen


“If you like your insurance, you can keep your insurance, period. If you like your doctor you can keep your doctor, period.” Obama was selling Obamacare to us and advocating that those insured with “grandfathered policies” should change them to the “superior” Affordable Care Act ones.

Let‘s evaluate Obama’s sales pitch and multiple blatant lies in light of California insurance code:

“Insurers and producers are prohibited from making, or allowing others to make statements estimates, illustrations, circulars, or other communications, whether spoken or written, that are known, or should be known to be a misrepresentation of (Policy Terms or Benefits).

“Misrepresentations may not be made for the purpose of persuading:

• A consumer to purchase a policy.

• A consumer to refuse a policy issued by another insurer and instead purchase one from the insurer or producer making the misrepresentation.

• Persuading a policyholder to lapse, forfeit, change, or surrender a policy.

Making misrepresentations is punishable by:

• A fine of up to $25,000.

• In a case in which the victim’s loss exceeds $10,000, a fine up to three times the amount of the loss suffered.

• Imprisonment in a county jail for a period not to exceed one year.”

Who says Obama is or should be above the laws that commoners have to live by?

Matt Kokkonen is a Chartered Life underwriter and a Chartered Financial consultant in San Luis Obispo. Contact him at (805) 541-1880 or (805) 886-1880.

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Are you actually saying you wish Obama would be assassinated? Really, that is vile.

Obama and the Affordable Care Act have nothing to do with the benefits you receive from your employer. If you have a gripe about a change in benefits, take it to your employer…your employer made that decision, not Obama or the ACA.

If your workplace is unionized, they may be able to negotiate with your employer. Many companies say they have stopped paying for insurance because it is cheaper to subsidize workers through the ACA program. Are you receiving a subsidy from your employer? If not, this is something a union could negotiate.

Yes, Robert1, you should seriously think twice about such comments. Not only is that in extremely poor taste, regardless of one’s view of the President & his policies, but you can get yourself in a whole pack of trouble for even hinting at such things. But then, there’s no IQ test for posting here, is there?

Robert1 could also bring heat to CCN and its message boards with his vile comment.


Clarity to the reader…a previous post to which this one replies was removed from the board.