Millions Lose Insurance Plans Under Obamacare

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Millions of Americans have had their current health insurance plans cancelled by Obamacare.

And it's not just the individuals who were buying their own insurance. People who had insurance through their job are also losing it.

One example is Thomas Brennan, who owns a graphics company in upstate New York.

Brennan recently received notice that his company's plan was being cancelled, thanks to the strict requirements of Obamacare.

"The truth of the matter is that the Affordable Care Act has prevented me from having affordable insurance for myself and my employees," Brennan states in his blog.

Brennan spoke with CBN News about the stress of losing his health plan and the crushing new expenses he and his employees will now face. Click play to see that interview.

Brennan says he and his 17 employees were happy with the plan they had, and they were able to afford it. Now they face a 33 percent premium price hike and a new $1,200 deductible. Their old Blue Cross/Blue Shield plan had no deductible.

President Barack Obama has said it's a good thing that some people are losing their insurance because they'll now get better, comprehensive health plans.

But Brennan told CBN News he has a lot of younger employees that didn't need every possible medical service covered.

Even when he was suffering from congestive heart failure a few years ago, it was still more cost effective for him to pay for his medicines without prescription drug coverage.

"I know what insurance I need, Mr. President. I am an adult, and I have been providing insurance for myself, my family and my employees for years. What justification do you have in messing up my insurance situation?" he challenged. "Why is there now a bureaucrat between me and my family's health care?"

Now Brennan has written to the office of New York Sen. Chuck Schumer requesting a meeting to discuss the impact of Obamacare.

"I would like to meet with Mr. Schumer, as I am certainly not alone. I also serve as the chairman on the Board of Directors of the Watertown Chamber of Commerce, and my colleagues all share my concerns. This is not a small issue, but affects every American in their most private affairs: their health and their finances," he says.

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