Skip to comments.Obama Officials In 2010: 93 Million Americans Will Be Unable To Keep Their Plans Under Obamacare
Posted on 11/21/2013 4:16:51 PM PST by grundle
It turns out that in an obscure report buried in a June 2010 edition of the Federal Register
The Departments mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013, wrote the administration on page 34,552 of the Register. All in all, more than half of employer-sponsored plans will lose their grandfather status and become illegal. According to the Congressional Budget Office, 156 million Americansmore than half the populationwas covered by employer-sponsored insurance in 2013.
Another 25 million people, according to the CBO, have nongroup and other forms of insurance; that is to say, they participate in the market for individually-purchased insurance. In this market, the administration projected that 40 to 67 percent of individually-purchased plans would lose their Obamacare-sanctioned grandfather status and become illegal, solely due to the fact that there is a high turnover of participants and insurance arrangements in this market. (Plans purchased after March 23, 2010 do not benefit from the grandfather clause.) The real turnover rate would be higher, because plans can lose their grandfather status for a number of other reasons.
How many people are exposed to these problems? 60 percent of Americans have private-sector health insuranceprecisely the number that Jay Carney dismissed. As to the number of people facing cancellations, 51 percent of the employer-based market plus 53.5 percent of the non-group market (the middle of the administrations range) amounts to 93 million Americans.
(Excerpt) Read more at forbes.com ...
The scam is in the data mining.
Is America done with this nonsense yet? Are there motions to rescind and repeal yet?
We need to fundamentally transform their lives for their lies. (Sounds good enough for a new tag line.)
Why was Obama allowed to ruin the nation’s health care? Who is going to be held accountable for this fraud?