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More Than 160M Could Lose Insurance In 2014

From Fox News:

Almost 80 million with employer health care plans could have coverage canceled, experts predict

By Jim Angle | November 25, 2013

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."

Once again, it has to be pointed out that most insurance policies cover more than one person. So these 80 million cancelled policies could mean that more than 160 million people will lose their insurance coverage. And 160 million people is a lot of votes. (Obama beat Romney by less than 5 million votes.)

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…

And it’s better that people have no insurance at all, than plans that don’t provide ‘free’ breast pumps.

This article was posted by Steve Gilbert on Tuesday, November 26th, 2013. Comments are currently closed.

2 Responses to “More Than 160M Could Lose Insurance In 2014”

  1. mr_bill

    “the administration estimated that approximately 78 million Americans with employer sponsored insurance would lose their existing coverage due to the Affordable Care Act.”

    It seems like a pretty hefty price to pay in order to get insurance coverage for those “30 million who don’t have insurance.” Of course, that only holds true if your goal is to insure those without insurance. If your intent is nationalization of healthcare, single payer, and [more] control of the population, then all bets are off.




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