NEWS: Fox News: Almost 80 Million With Employer Health Care Plans Could Have Coverage Canceled, Experts Predict
President’s #BrokenPromise Could Hit Tens of Millions More Americans Next Year
The Administration Has Known For Years that More than “Just 5 Percent” Could Lose Health Plans Due To Health Law, Cassidy Bill Would Provide Relief
The president’s health care law has delivered much more than a broken website. It has already resulted in five million cancellation notices across the country, with tens of millions more threatening to come over the next year. What’s worse, despite the president’s repeated promises over the last three years that Americans can keep their health care if they liked it “no matter what,” the administration anticipated the mass cancellations years ago. FoxNews.com reports, “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.” Translation: “Almost 80 million people with employer health care plans could find their coverage canceled because they are not compliant with Obamacre, several experts predicted.” To help provide relief to the tens of millions of Americans who could be affected, Energy and Commerce Committee member Rep. Bill Cassidy, M.D. (R-LA) has introduced the Employee Health Care Protection Act to allow plans currently available on the group market to continue to be offered.
“The president’s broken promise has gone from bad to worse. As millions of cancellation notices were blanketing the mailboxes of unsuspecting Americans, the administration tried to deflect the broken promise by proclaiming that it was ‘just 5 percent’ of the country that would be impacted. It is becoming increasingly clear that many more Americans will soon be losing their plans as well,” said Energy and Commerce Committee Chairman Fred Upton (R-MI). “We have a solution with Dr. Cassidy’s bill. The administration should work with Congress now to help restore peace of mind to the millions more Americans that stand to lose their plans because of the president’s health law.”
The House of Representatives recently passed Chairman Upton’s Keep Your Health Plan Act by a vote of 261 to 157 to allow plans currently available on the individual market to continue to be offered next year.
November 26, 2013
Almost 80 Million With Employer Health Care Plans Could Have Coverage Canceled, Experts Predict
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."
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. …
Some plans already have been canceled and employers are getting sticker shock at the new, higher prices under ObamaCare. …
Roy said that is not unusual. "The old plans that are being cancelled are meaningfully cheaper than the new plans that are ObamaCare compliant." …
Read the complete story online here.