Obama Lied, Health Care Died

Barack Hussein Obama told us that under ObamaCare, if we liked our current health insurance coverage, we could keep it. He lied.

The new health care law wasn't supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations. 

But last week a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health care by shifting workers into taxpayer-subsidized insurance markets that open in 2014.

While it's too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes.

"The economics of dropping existing coverage is about to become very attractive to many employers, both public and private," said Gov. Phil Bredesen, D-Tenn.