E&C Fact Check

June 8, 2011

Promise Then: "If you like your current plan, you will be able to keep it. Let Me Repeat That:-- If You Like Your Plan, You'll Be Able To Keep It." -President Obama (July 21, 2009)
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Headlines Now: Market Watch: Firms to cut health plans as reform starts; Reuters: Many employers to drop health benefits: McKinsey; National Journal: Report: Reform May Move Millions More Off Employer Insurance; WSJ: No, You Can't Keep Your Health Insurance

According to a study published in McKinsey Quarterly on June 6, 2011, 30 percent of employers say they will definitely stop providing health coverage by 2014. Among businesses with a higher awareness of the law's impact, more than 50 percent and even upward of 60 percent will consider pursuing other options.
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Translation? Many who receive coverage through work will be dropped into the public exchanges. Even workers whose companies continue to provide health benefits will likely be forced to change plans.
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It may be time for fact checkers to revisit President Obama's pledge.

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