NBC: Small Business Owner’s Premiums Increase By 400 Percent, Existing Plan Cancelled

NBC: Small Business Owner's Premiums Increase By 400%, Existing Plan Cancelled Due To ObamaCare

[start video clip]
OBAMA: "Here is a guarantee that I have made. If you have insurance that you like, then you will be able to keep that insurance."
[end video clip]
MYERS: "That doesn't sit well with George Schwaub who's retired, started a new business, and been told because of the new health care law his current policy is no longer available because it doesn't meet minimum standards. His new policy? Comes with a premium increase of more than 400 percent."
SCHWAB: "I just wish I could have my insurance back. I just -- that's what I want."
MYERS: "He now has to pay for more than he wants, including maternity coverage for his 59-year-old wife."
SCHWAB: "I just don't think that was all that well thought out. And I think the intentions were good. But you know, there is a lot of things that need to be fixed."