CBO: 7 million Americans to lose employer insurance under Obamacare

Washington Examiner ^ | 02/05/2013 | Philip Klein

[SeekAndFind]

President Obama famously promised Americans that if they liked their health care plan they could keep it, but a new report from the Congressional Budget Office estimates that 7 million Americans will lose employer-based insurance as a result of his national health care law.

In 2022, by CBO and JCT’s estimate, 7 million fewer people will have employment-based health insurance as a result of the Affordable Care Act,” the CBO announced in its new budget outlook released on Tuesday. This is up from an estimate of 4 million last August, mostly reflecting the effects of tax changes.

In a July 2009 speech to the American Medical Association, Obama declared, “no matter how we reform health care, we will keep this promise: If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what

[ModelBreaker]

Actually, this is the low estimate. There are solid estimates that the number will be closer to 35 million. The reason the CBO estimates are low is that Obama gives them the assumptions to use. They do not question the assumptions and project based on the assumptions.

[RC one]

Lord of the lies.

[pepsionice]

My brother works for a technology company...which has around 700 employees. They had a simple health program fixed up...you went to a recommended doctor, and the bill came to them, and they paid it. No insurance company, just a bill-paying mechanism. They saved tons of money, and they had never laid an employee off because of significant health costs.

After the law came out, there’s a line or two in it, which dictates that you must utilize insurance companies. The CEO said fine....but he’d pay the $1k fine for each employee and just let them all hunt for their own insurance deal. He felt insurance companies were part of the big reason for increased cost. The employees sat there in shock as the whole system was explained. Some had been there for years and never grasped how it all worked. Then impending lack of insurance hit them. And their state...isn’t one that is creating a insurance market deal.

[TurboZamboni]

Then the gumbint can blame the “free market” while  they regulate the crap out of insurance  companies.

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