Advertisement
In the latest case of "we told you so," a new government report predicts that as many as 51% of employers may have to end their current employee health plans:
Internal administration documents reveal that up to 51% of employers may have to relinquish their current health care coverage because of ObamaCare.Full story from Investors Business Daily.
Small firms will be even likelier to lose existing plans.
The "midrange estimate is that 66% of small employer plans and 45% of large employer plans will relinquish their grandfathered status by the end of 2013," according to the document.
In the worst-case scenario, 69% of employers — 80% of smaller firms — would lose that status, exposing them to far more provisions under the new health law.
The 83-page document, a joint project of the departments of Health and Human Services, Labor and the IRS, examines the effects that ObamaCare’s regulations would have on existing, or "grandfathered," employer-based health care plans.
In addition, Politico reports that under Obamacare, the poor and part-time workforce may be hit hardest. What a surprise. But don't worry, I'm sure they'll come up with another government program to help.
Join the conversation as a VIP Member