TICKING TIME BOMB: Second Wave of Health Care Cancellations Estimated at 50 to 100 Million (Employer Mandate – Obamacare will Devastate Small Business)
Obamacare is a ticking time bomb for small and large business insurance health plans …50 to 100 million insurance policies to be canceled in 2014.
“Hope and Change,” eh? The next time some one promotes change, you might just want to read the 2000 pages of a bill before you allow politicians to pass it so we can see what’s in it.
Congress needs to put a stake thru the heart of Obamacare and repeal this law before it does irreparable harm to the United States. It may be imploding, but it’s not going away. Obamacare is like Jason Voorhees of Friday the 13th fame, it has to be put down once and for all. If not, the so-called fixes will just be more of the same, all to many bad remakes.
Hey America, how that Barack Obama’s promise that you can keep your healthcare plan if you like it, PERIOD! working out for you? Stan Veuger from the American Enterprise Institute told FOX News yesterday that he foresees 50 to 100 million small and large business policies likely to be cancelled next year. They will likely then be forced on to Obamacare and their health care costs will be much more than previously paid. Hmm, did Obama also promise to reduce the healthcare costs as well? This is just the tip of the iceberg. Imagine what will happen to the insurance industry and the US economy is 50 to 100 million insurance policies are canceled and individuals and families are forced to pay more, taking billion out of the economy and destroying the insurance industry. But then again, isn’t that what the community agitator was after all along, a single payor government healthcare system.
The Obamacare Time-bomb: That is a political disaster for the Democrats.
It gets worse. As the American Enterprise Institute’s Dr. Scott Gottlieb has pointed out, there is already a second wave of cancellations set to come right before the 2014 mid-term elections. It turns out that many small businesses with fewer than 50 employees, who buy in the small-group market, were able to exploit a loophole in Obamacare and avoid for one year the mandates being placed on plans in the individual market. Those businesses get to keep offering coverage that does not meet Obamacare requirements until the end of 2014. But, Gottlieb writes, that means that “starting in October 2014, many employees of small businesses will start getting the same notices that are now being mailed to individuals, informing that their existing health plans are also being cancelled.
It was Obama’s plan all along to forcibly move millions of those younger, healthier people into the exchanges next year to subsidize care for the old and the sick. But if those younger, healthier people don’t join the exchanges next year, as planned, then the risk pool in 2014 will be older and sicker than expected. That will cause premiums to skyrocket for 2015 — because insurers base their 2015 premiums on their 2014 experience.
VIDEO Hat Tip - The Gateway Pundit
A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections.
The next round of cancellations and premium hikes is expected to hit employees, particularly of small businesses. While the administration has tried to downplay the cancellation notices hitting policyholders on the individual market by noting they represent a relatively small fraction of the population, the swath of people who will be affected by the shakeup in employer-sponsored coverage will be much broader.
An analysis by the American Enterprise Institute, a conservative think tank, shows the administration anticipates half to two-thirds of small businesses would have policies canceled or be compelled to send workers onto the ObamaCare exchanges. They predict up to 100 million small and large business policies could be canceled next year.
Is it any wonder why Barack Obama no longer refers to his signature piece of legislation as “Obamacare.” Now that Obamacare is a 4-letter word and a disaster, suddenly it has become the “Affordable Healthcare Act”. Funny how a 37% job approval rating will do that.