According to the CBO – 10 million Could Lose Employer Coverage Under Senate Health Bill

obamacare-its-to-die-forThe non-partisan Congressional Budget Office estimates that up to 10 million people could lose their employer-based insurance coverage under the Senate’s health care reform bill. According to Fox News in new figures out Monday, the CBO said the net loss would add up to about 5 million — the anticipated loss of employer coverage on one end would be offset in part by the expectation that a new mandate would drive other employers to cover millions more workers who are not currently covered.

But the estimate assumes many employers, particularly small businesses with low-wage workers, would opt to pay the fine and drop their insurance plans. The CBO estimated this would affect between 9 million and 10 million workers.

The estimate was provided after Republicans pressed the CBO for details on employer coverage, and it added fuel to the GOP argument that President Obama’s claim that nobody will be forced to give up their private coverage is bunk. It comes in the middle of a heated debate in the Senate over whether and how the government should enter the market with its own insurance plan.

“If you like what you have you can’t keep it,” the Senate Republican office said in an e-mail highlighting the CBO report and keying off the president’s refrain.

Though some of those who lose their coverage would be eligible for government subsidies to buy insurance, some would not, according to the CBO.

For instance, a family of four making more than $88,000 would not qualify for subsidies and could face even higher premiums in the private market.


No TweetBacks yet. (Be the first to Tweet this post)

Related posts:

  1. As more people learn about ObamaCARE, the less people support it. 83 million would lose their private coverage under ObamaCARE Actually, to be more precise, its 83.4 million according to...
  2. CBO estimates Senate Finance Health Care Bill Will Cost $829 Billion and will leave 25 million uninsured The CBO is expected to release the cost on the...
  3. Sarah Palin: Good Intentions Aren’t Enough with Health Care Reform Get ready for liberal heads to start exploding. Not only...
  4. House Democrats ready to unveil health bill Gird your loins, here it comes. According to My Way,...
  5. Obama’s Changes to Senate Health Care Bill Include Rationing Via Price Controls According to Life News, Burke Balch, J.D., director of the...

Related posts brought to you by Yet Another Related Posts Plugin.

December 8, 2009 · Filed Under ObamaCARE

Share/Bookmark

Comments

Lets hear your point of view! - A warning to the liberal whiners who seem intent to flood our comment section with profanity. Save your keystrokes. The anti spamming script will just automatically delete your comment. Feel free to disagree with the host on any article posted here, but flame baits, racism, and profanity laced tirades will NOT be tolerated, and will eventually get your IP address banned!




www.e-referrer.com