Skip to comments.Seven million will lose insurance under Obama health law
Posted on 02/05/2013 12:16:07 PM PST by illiac
President Obama's health care law will push 7 million people out of their job-based insurance coverage nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.
CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.
But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.
Overall, the new health provisions are expected to cost the government $1.165 trillion over the next decade the same as last year's projection.
(Excerpt) Read more at washingtontimes.com ...
Remember all those articles about peoples’ hours being cut to avoid 0bamaCare?
I’ll bet more than 7 million will be affected. I’d guess well over 10 million.
But that’s the point of 0bamaCare: Implement something so unworkable that Single Payer (The Government Owns Your Body) becomes the next step.
All going as planned
The results don’t matter as long as the intentions were good. In any event, we can fix this by raising taxes on the rich.
the new definition of SUCCESS in America.....
They have destroyed a near perfect health care system and in the process will cause people to die.
communism pretends to make everyone equally happy, but all it does is make everyone equally miserable, except the ruling elite which gets it all.
And your average sheeperal, to this day, will claim that 0bamacare made medical care free on demand.
So true....my wife need a drug to help here continue to live. Guess what...her insurance company is refusing to pay for it and it is expensive. Her Dr. is fighting for her, but we all know how that will end up...
Single payer never becomes the next step ~ this is a taxing scheme and has nothing whatsoever to do with medical care.
nobamacare = stay healthy or die. Good luck to all.
I Hate The Whore from Nebraska who now works as a lobbyist for this sh!t.
I Hate Roger Taney Roberts for getting in bed with Ubama when we could have gotten rid of every single part of it.
I Hate most of all the people who voted for this POS, because their votes effect ME and MY Family, the people who didn't want any of this are are being forced to fork over Thousands of Dollars I don't have.
I HATE all of you.
The upside is as more folks get converted to “29ers” the unemployment rate goes down.
Apparently that was the intent all along.
If by whore you mean Sebelius, she is from Kansas. Please don’t assign her to Nebraska for our sake...lol
Re: Ødungo’s re-election
Life is unfair, especially if you’re stupid.
I have forbidden myself from speaking his name.
I pray there is a special place in Hell for him.
This figure doesn’t even start to count those who will be pushed out from their insurance as the rates skyrocket and companies start folding up.
Pluys all of those whose insurance is subsidised by the Government employment, when they stop subsidising and force all of those people onto Obamacare.
Yes it’s coming Government employees.
“Yes its coming Government employees.”
Except for the gummit employees who are supposedly the representatives of the people...
Yes Congress is exempt.
That should be against the law.