“If You Like Your Insurance, You Can Keep It.”
Remember when the President of the United States repeated that promise over and over to the American people? Well quite a few of us less-lofty folks predicted this contrary outcome:
Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows.
But that’s not all:
The survey of 1,300 employers says those who are keenly aware of the health-reform measure probably are more likely to consider an alternative to employer-sponsored plans, with 50% to 60% in this group expected to make a change. It also found that for some, it makes more sense to switch.
In some cases, the lost benefit might transition to some other form of compensation (although many of us have also predicted that ObamaCare will not stop, and may accelerate, cost inflation and quality deflation in the medical industry). In the push for government control of healthcare, though, spanning its peculiar procedural maneuvers and bold flight in the face of taxpayer concerns, likely outcomes were downplayed, not thoroughly vetted.