Thursday, March 15, 2012

Obamacare To Kick Up To 20 Million Off Employer Coverage

Remember this from Barack Hussein Obama, circa 2009:  "Here is a guarantee that I've made. If you have insurance that you like, then you will be able to keep that insurance. If you've got a doctor that you like, you will be able to keep your doctor. Nobody is trying to change what works in the system. We are trying to change what doesn't work in the system. 

Well that was bullshit. This is reality.
As many as 20 million Americans could lose their employer-provided coverage because of President Obama's healthcare reform law, the nonpartisan Congressional Budget Office said in a new report Thursday.

The figure represents the worst-case scenario, CBO says, and the law could just as well increase the number of people with employer-based coverage by 3 million in 2019. 

The best estimate, subject to a "tremendous amount of uncertainty," is that about 3 million to 5 million fewer people will obtain coverage through their employer each year from 2019 through 2022.
This is working out just as well as that prediction that Obamacare would actually cut health care costs.
The gross costs of the Obamacare law that Democrats rammed through Congress will cost $1.76 trillion over a decade — about twice the amount originally projected, according to a Congressional Budget Office report released today.

Critics had said that the true 10-year cost of President Barack Obama’s signature legislation would wind up being much more than originally advertised at $940 billion. Democrats pushed the legislation through using untraditional accounting methodology, such as delaying full implementation of the law until 2014, The Washington Examiner reported.

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