Almost 80 Million with Employer Health Care Plans Could Have Coverage Canceled … It was Clear Officials Knew the Impact of ObamaCare 3 Years Ago

This is important to be repeated over and over and over, because Barack Obama and Democrats knew it and they went forward and lied to America anyhow …

The current 5+ million Americans who have lost their insurance thanks to Obamacare is a mere pittance compared to what is expected when employers are mandated to cover employees with the rules of the not-so-affordable health care law. Experts are saying that 80 millions Americans could lose their employer healthcare plans and worse yet, Obama and Democrats were 100% aware of the carnage.

CBS News finally reporting the truth or should we say the lies of Obama and Obamacare

Almost 80 million people with employer health plans could find their coverage canceled because they are not compliant with ObamaCare, several experts predicted.

Their losses would be in addition to the millions who found their individual coverage cancelled for the same reason.

Stan Veuger of the American Enterprise Institute said that in addition to the individual cancellations, “at least half the people on employer plans would by 2014 start losing plans as well.” There are approximately 157 million employer health care policy holders.

Avik Roy of the Manhattan Institute added, “the administration estimated that approximately 78 million Americans with employer sponsored insurance would lose their existing coverage due to the Affordable Care Act.”

 

Last week, an analysis by the American Enterprise Institute, a conservative think tank, showed 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 predicted up to 100 million small and large business policies could be canceled next year.

According to projections the administration itself issued back in July 2010, it was clear officials knew the impact of ObamaCare three years ago.

In fact, according to the Federal Register, its mid-range estimate was that by the end of 2014, 76 percent of small group plans would be cancelled, along with 55 percent of large employer plans.

The reason behind the losses is that current plans don’t meet the requirements of ObamaCare, which dictate that each plan must cover a list of essential benefits, whether people want them or not.