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White House admits 51% of employer health plans won’t meet Obamacare guidelines
So much for President Obama’s oft-repeated lie that people who like their current health care coverage would be able to keep it under Obamacare. I guess now that the legislation was forced through Congress and signed into law, there’s no longer any need for Democrat subterfuge. Via Investor’s Business Daily:
Internal White House documents reveal that 51% of employers may have to relinquish their current health care coverage by 2013 due to ObamaCare. That numbers soars to 66% for small-business employers.The documents — product of a joint project of the Labor Department, the Health and Human Services Department and the IRS — examine the effects new regulations would have on existing, or “grandfathered,” employer-based health care plans.
Even the Associated Press is having to admit the truth; we’ve all been sold down the river.
Over and over in the health care debate, President Barack Obama said people who like their current coverage would be able to keep it.But an early draft of an administration regulation estimates that many employers will be forced to make changes to their health plans under the new law. In just three years, a majority of workers — 51 percent — will be in plans subject to new federal requirements, according to the draft…
The main issue in the 83-page regulation is how to deal with what the government calls “grandfathered” health plans.
Those are plans that predated the health care law and are exempt from many, but not all, of its consumer protections. Lawmakers created the special category to deliver on Obama’s promise that people can keep the coverage they have if they like it.
But health plans change frequently. Premiums and copayments keep rising. Coverage is expanded for some services and restricted for others. Lawmakers asked regulators to spell out how much an employer can change a plan and still claim it to be grandfathered, exempting it from closer federal regulation.
Employers say the draft rules are too inflexible. Generally plans can lose their protected status by increasing copayments and deductibles above certain limits. Gelfand said medical inflation alone would push many employers over the line.
How employers react to the final rules will be critical. If major companies start dropping health care benefits, opting instead to pay the government a penalty, Democrats would face a political backlash.
Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT
To quote Al Jolson "You aint seen nothing yet!"
We need to REPEAL this beast!