Wintery Knight

…integrating Christian faith and knowledge in the public square

CBO report: four million will lose employer health care due to Obamacare

White House Dossier explains what’s wrong with Obama’s promise above.

Excerpt:

new report by the nonpartisan Congressional Budget Office states that by 2016, Obamacare will result in 4 million people fewer people getting health insurance coverage from their employers.

The estimate is a vast increase from the CBO prediction just a year ago that 1 million would no longer obtain coverage from their employers. And it raises substantial questions about the veracity of one of Obama’s key pledges in selling the health care law – that everyone who wants to keep their current health insurance plan and doctor could do it.

It’s not clear how many of the 4 million would be forced out as a result of employers dropping coverage. But it can be assumed that many will indeed lose their insurance and have to seek it elsewhere, since few people would seem likely to intentionally abandon coverage provided by an employer.

And many employers have already indicated that they would rather drop coverage and incur fees from the government than continue to provide it.

According to a survey published last summer by the Towers Watson consulting firm, almost one in ten medium to large size employers said they are likely or very likely to end health benefits for their workers.

[...]The CBO also projects that 2 million fewer uninsured will gain insurance under the law than previously thought, with the total uninsured population declining by 30 million instead of 32 million.

Here’s an updated Obama promise about keeping your current health care coverage:

But don’t worry – if you work for an Obama-supporting union, or a big Obama-supporting corporation, then you’ve probably got a waiver from Obamacare.

Filed under: News, , , , , , , , , , , , , , , ,

3 Responses

  1. It’s sad to see that 4 million will lose health care. We need a major change so that we can get health care back on track and NOT with Obamacare!

  2. GoldenBoy says:

    This web site must be leaning left. The high end estimate is 20 million folks. Likely estimate is 4 million folks.

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