Study: Fewer plans canceled under ObamaCare in 2014

The flurry of media reports that said millions of people were losing their healthcare plans under ObamaCare in 2014 were likely overblown, according to a recent survey.

Although a national survey from December 2013 found that one in five people had received a cancellation notice for their insurance, many of those customers were able to keep their plans in 2014 after changes to the government’s policy, according to a new report from the nonpartisan Urban Institute. 

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About 500,000 people who bought healthcare through their employers saw their plans canceled last year — about 0.3 percent of all employer-sponsored plans, the Health Reform Monitoring Survey found.

In the individual market, about 2.2 percent of people lost their plans, which amounts to 400,000 people, according to the survey.

That same survey had previously found that nearly 19 percent of people who bought their insurance plans — or about 2.6 million people — had received cancellation notices.

Facing intense political pressure, the Department of Health and Human Services later walked back on some of the new coverage provisions and allowed many plans to be grandfathered in until 2017.

Several outlets, including the Associated Press, reported that “millions of Americans who buy their own health insurance” were told that they would have to find new plans. But the survey shows that only 8 percent of people had received any form of notice from their insurance company in 2014.