Yes. The Affordable Care Act, and the new grandfather rule that helps implement it, provide stability and flexibility to insurers and businesses that offer insurance coverage as the nation transitions to a more competitive marketplace in 2014 where businesses and consumers will have affordable choices through Exchanges.
An estimated half of employer-sponsored health plans that insure well over half of American workers and their families will remain grandfathered through 2013. Change is likely to come more swiftly in the individual market because up to two-thirds of individual policyholders switch coverage in a given year so that policies are likely to lose their grandfathered status and consumers will gain new protections more quickly. But this is a market that would experience rapid change even without the grandfathering regulation of health insurance reform.
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