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Almost One in Ten Employers to Drop Health Insurance Coverage Under Obamacare
One of the elements of Obamacare critics have been most vocal about is the so-called government-sponsored “insurance pools” the law creates. Now that it’s largely been upheld by the U.S. Supreme Court, these pools will soon become a reality.
So what? That’s the basis of the law, to provide insurance for everyone, correct?
Yes, but not necessarily the type of insurance you want. Or that you have now, say, through your employer.
One of the law’s selling points uttered by everyone in the administration paid to defend it, especially the president himself, promised Americans they could keep their current health insurance.
In his Weekly Address on August 15, 2009, Obama said of his health care proposal, “First, no matter what you’ve heard, if you like your doctor or healthcare plan, you can keep it.”
That was then. By July 2012, the administration was singing a different tune, admitting that, “as a practical matter, a majority of group health plans will lose their grandfather status by 2013.”
That includes, of course, that employer plan you love so much.
Wait – Weren’t you supposed to be able to keep employer insurance?
The Federal Register, dated Thursday, June 17, 2010, notes that the “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.”