Canceled policies could be a plus for new markets

Associated Press
Canceled policies could be a plus for new markets

This photo taken Nov. 6, 2013 shows Health and Human Services Secretary Kathleen Sebelius testifying on Capitol Hill in Washington before the Senate Finance Committee. Insurance cancellations are fueling a political backlash against President Barack Obama and Democrats who supported his health care overhaul, but they may also be an economic silver lining for the health law itself. It’s Economics 101, but there are winners and losers. By shifting people who are currently insured into the new health care markets, it would reduce risks, bringing in customers already known to insurers. That’s painful for those who end up paying higher premiums, but taxpayers could come out ahead. (AP Photo/J. Scott Applewhite)

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