How will the grandfathered in medical insurance work for Obamacare?

 

 

I have had an individual plan since 2004. I just read you can be grandfathered into plans that don't provide coverage options required under the Affordable Care Act. This sure doesn't sound good!! It sounds like if I want protection, I will have to pay twice as much as I am now on the exchange, which I thought was supposed to lower cost. Obama said someone can keep the insurance they have if they'd like, which is half the price as the exchange, so who wouldn't want to pay half as much? If it's not covered under the Affordable Care Act, does that mean I still could be dropped or denied? Why call it the Affordable Care Act when it is only affordable to very low income people? I am middle class, and I read that only 9% of Americans make between $50,000 to $75,000. Do you think this sounds right? This is hard for me to believe.

 

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SOURCE: http://www.insurelabs.com/forums/topic/how-will-the-grandfathered-in-medical-insurance-work-for-obamacare/