Despite Obamacare, gap health insurance market explodes

By Beth Pinsker NEW YORK (Reuters) – Despite the promise of coverage through the U.S. Affordable Care Act (ACA), the number of people applying for non-compliant, short-term health insurance policies was up more than 100 percent in 2014, according to new data available from companies who broker these policies. This type of health insurance is exactly the kind that the ACA, known commonly as Obamacare, was supposed to upgrade. The government does not count these gap plans as qualifying health insurance, so people who have them are subject to penalties for being uninsured.

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Despite Obamacare, gap health insurance market explodes