If you “heart ObamaCare”, sucks to be you.
A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections.
The next round of cancellations and premium hikes is expected to hit employees, particularly of small businesses. While the administration has tried to downplay the cancellation notices hitting policyholders on the individual market by noting they represent a relatively small fraction of the population, the swath of people who will be affected by the shake-up in employer-sponsored coverage will be much broader.
An analysis by the American Enterprise Institute, a conservative think tank, shows 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 predict up to 100 million small and large business policies could be cancelled next year.
……Under the health care law, businesses with fewer than 50 workers do not have to provide health coverage. But if they do, the policies will still have to meet the benefit standards set by ObamaCare.
As reported by AEI’s Scott Gottlieb, some businesses got around this by renewing their policies before the end of 2013. But the relief is temporary, and they are expected to have to offer in-compliance plans for 2015. According to Gottlieb, that means beginning in October 2014 the cancellation notices will start to go out.
Then, businesses will have to either find a new plan — which could be considerably more expensive — or send workers onto the ObamaCare exchanges.
For workers, their experience could mirror that of the 5 million or so on the individual market who already received cancellation notices because their plans did not meet new standards under the Affordable Care Act.
But according to Obama we, as in America, are wrong about the damaging results of his toxic law, even though he knew damned well millions would lose their insurance.
The Dems ram Obama’s unconstitutional socialist disaster through Congress, thereby seizing the health insurance industry and placing it under government control.
What the hell could possibly go wrong?
Related posts:
http://sfcmac.wordpress.com/2013/10/24/the-obamacare-casualty-list-so-far/
http://sfcmac.wordpress.com/2013/11/08/obama-nice-health-insurance-plan-you-had-there-sorry-you-had-to-lose-it/
http://sfcmac.wordpress.com/2013/11/04/more-obamacare-buyers-remorse-from-the-demleftprogs/
http://sfcmac.wordpress.com/2013/10/16/kos-kiddie-gets-rude-awakening-obamacare-will-double-his-premiums/
Related articles
- Obama’s Hope: Cancellations Will Continue (dickmorris.com)
- ObamaCare’s bread & circuses (triblive.com)
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