What Really Happens To People Whose Insurance Is 'Canceled' Because Of Obamacare

Dylan Scott – November 1, 2013, 6:00 AM EDT

President Obama wasn't entirely right in 2009 when he said that if you like your health care plan, then you can keep it. Some people are going to have their health insurance plans canceled, and it does have something to do with Obamacare.

From a political standpoint, that's enough to ignite a firestorm. From a policy standpoint, there's a whole lot more going on here.

What really matters is what happens to the people who are receiving those cancelation letters that congressional Republicans have been parading in front of the cameras?

The bottom line: Almost all of them are going to receive the same or much better coverage, and many of them are going to receive financial help to purchase it.