Obamacare - millions could buy catastrophic coverage for an extra two years

|By:, SA News Editor

The government last week "quietly excused millions of people from the requirement to purchase health insurance or else pay a tax penalty," the WSJ discovers after being alerted to a change buried deep in a technical bulletin.

Americans whose coverage was cancelled because of Obamacare are allowed to "opt out of the (individual) mandate altogether" until 2016 under certain conditions that seem to be fairly lax. That opt out was only supposed to last a year.

However, these people would have to enroll in catastrophic coverage, which was initially designed for the under-30s and "the truly down and out."

Meanwhile, 940,000 people signed up for Obamacare plans in February, bringing the total to 4.2M.

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