Thursday, November 28, 2013

Obamacare Forecast: Close to 80 million with Employer Health Care Plans could have Coverage Canceled

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.
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RomneyMan said...

'Could' being the key word.

I fully expect that the President will do as he has done thus far: Listen to concerns and act appropriately.

BOSMAN said...

The beauty of the Obamacare Debacle, in a Macabre sort of Way, is that there will be 80 Million more PISSED OFF AMERICANS with ONLY DEMOCRATS TO BLAME and 2014 to respond to their dissatisfaction.

RomneyMan said...

But aren't those 80 mill not going to be hit until after the mid terms? They stuck a month extension on it, didn't they?

Right Wingnut said...

Romneyman, the month extension was for 2015 enrollment in the exchange. People with employer sponsered plans will know prior to the November whether they will get to "keep their plans" in 2015. My open enrollment was in late September. Try to keep up.

Right Wingnut said...

....and we received a letter at least a month prior warning us of higher costs as a result of ObamaCare.