Horizon Won't Renew Health Insurance Policies Canceled by Obamacare

Turns out, if you like your old policy, you can’t keep it, after all.

Horizon Blue Cross Blue Shield of New Jersey said Tuesday it won’t renew any of its 2013 policies for individuals and small-business owners after the end of the year because it would be next to impossible to undo the work it has put in preparing for Obamacare.

The decision by the state’s biggest health insurer means its customers will face sharply higher premiums, provided they make too much money to qualify for a federal tax break.

“It hurts,” said Anthony Falcone, 52, of Middletown. “It’s $400 more than I’m paying now. A month.”

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Source: Asbury Park Press