FOX NEWS — — — The new Obamacare law gives insurers until Jan. 1 to start canceling coverage for people with pre-existing conditions and people with cancer, diabetes, HIV/AIDS, high blood pressure and asthma.
The deadline for that change is Friday.
The Congressional Budget Office estimates that 10 million people could lose their health insurance and thousands of others could be left without insurance altogether by the time the new law is fully implemented.
That would leave tens of millions of Americans without insurance, which is bad news for many of those people.
As of Jan. 21, the average cost of a plan for the individual market was $6,788 per month, according to the Kaiser Family Foundation.
That includes premiums and deductibles.
The law will provide $2,500 per family per month for coverage for pre-existing conditions, which the CBO estimates will raise health care costs by an average of $6.1 billion a year.
If people can’t pay, the law says they can’t buy insurance on the individual insurance market, meaning they will be left with the old insurance system.
A person would have to buy the same plan for his or her family of four if they could not pay.
Many people, including many who have pre-disputed health problems, have struggled with the law’s requirements.
For instance, a person with diabetes or cancer could lose his or a loved one’s coverage and still be eligible for tax credits that can offset the cost of premiums.
Those subsidies have been under attack by Democrats who want to give more tax breaks to the wealthy.
In 2018, the Senate narrowly approved a $1.5 trillion bill to extend the Medicaid expansion that President Trump has called a disaster for the poor.
It passed the House last week.