Yesterday Market Watch released a survey showing that as the provisions of the Obama healthcare reform bill begin to kick in in 2014, three out of ten employers will stop offering company health insurance plans. Aside from the problems that will create, did you notice that the majority of the Obama healthcare reform does not kick in until after the 2012 election. At that point, Americans can't vote anyone out of office--the deed has been done.
The article reports:
"While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will "definitely or probably" stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.
"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."
The White House disputes the study, saying that they do not believe the new insurance regulations will impact the number of employers offering insurance. This is reminiscent of House Speaker Nancy Pelosi (D-CA) telling us, "[W]e have to pass the bill so that you can find out what is in it, away from the fog of the controversy." The bill has passed and I am not sure the controversy will ever end.
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