Obamacare: Nearly 80 Million Newly Uninsured

The fortunate Americans who are employed will have a lot to be thankful for tomorrow, Thanksgiving Day.  However, they might want to go easy on the extra helpings of stuffing, sweet potatoes and pumpkin pie.

According to Fox News Channel’s Chief National Correspondent Jim Angle, “Almost 80 million people with employer health plans could find their coverage canceled in 2014 because they are not compliant with ObamaCare, several experts predicted.”

“Their losses would be in addition to the millions who found their individual coverage cancelled for the same reason.

“Stan Veuger of the American Enterprise Institute said that in addition to the individual cancellations, ‘at least half the people on employer plans would by 2014 start losing plans as well.’ There are approximately 157 million employer health care policy holders.

“Avik Roy, of the Manhattan Institute, added, ‘the administration estimated that approximately 78 million Americans with employer sponsored insurance would lose their existing coverage due to the Affordable Care Act.’

“Last week, an analysis by the American Enterprise Institute, a conservative think tank, showed the administration anticipates half to two-thirds of small businesses would have policies canceled or be compelled to send workers onto the ObamaCare exchanges. They predicted up to 100 million small and large business policies could be canceled next year.”

“According to projections the administration itself issued back in July 2010, it was clear officials knew the impact of ObamaCare three years ago.

“In fact, according to the Federal Register, its mid-range estimate was that by the end of 2014, 76 percent of small group plans would be cancelled, along with 55 percent of large employer plans.

“The reason behind the losses is that current plans don’t meet the requirements of ObamaCare, which dictate that each plan must cover a list of essential benefits, whether people want them or not.

“’Things like maternity care or acupuncture or extensive drug coverage,’ said Veuger. ‘And so now the law is going to force them to buy policies that they could have gotten in the past if they wanted to but they chose not to.’

“Some plans already have been canceled and employers are getting sticker shock at the new, higher prices under ObamaCare.

“A new wave of cancellations and sticker shock will emerge just before next year’s elections.

“’They’re going to start doing that in the summer or early fall but certainly before the midterm elections,’ said Veuger.”

Americans were warned, thanks to the benighted Tea Parties.  We tried to warn you, America, but you wouldn’t listen.  You thought we were crazy.  You accused us of being tinfoil conspiracy theorists who thought Obama was going to overthrow the government and the Constitution, and that the sky was going to fall, the economy would collapse, and an asteroid would strike the Earth (or the Moon).

The sky did fall, figuratively speaking, on New Jersey, last year with Hurricane Sandy.  The economy is pretty shaky, and while an asteroid hasn’t struck the Earth, we have had some close calls and according to astronomers, the Moon is backing his bags and moving away, at a rate of about four inches a year.  The farther away the Moon moves, the greater our risk of being hit by an asteroid.  Guess the Moon has had it with taking the hits for a planet that doesn’t appreciate it.

We were doing pretty well with insurance the way it was.  Employers and employees benefitted from the employer paying for most of the health insurance.  The poor had Medicaid, the elderly, Medicare.  There were problems, particularly the pre-existing condition clause.  By age 55, you’ve probably started to develop some condition or other.  Something needed to be done to protect these policyholders without canceling their coverage.

The real problem was hospital costs.  Obamacare does nothing to address this issue.  Thanks to Obamacare’s onerous regulations and fines, particularly the mandate that every single health insurance policy cover absolutely everything, the price has absolutely, beyond a doubt, made health insurance unaffordable.

Workers still clinging with relief to their employers and their employer’s health care insurance boat, they’re going to find that the lifeboat is leaking badly.  Companies are about to jettison those lifeboats.  Eventually, there will be no choice but the single-payer option – the U.S. government.

The American Enterprise Institute says the Administration knew three years ago that this would happen.  The Tea Parties warned this would happen.  Conservatives broadcasters (i.e., Rush Limbaugh, Glenn Beck, Mark Levine) predicted this would happen.  Mark Levine was beside himself at this unconstitutional capture of the health care market, one-sixth of the American economy.

Which is worse, at this point:  John Kerry’s betrayal of America by appeasing Iran and giving that nation the nuclear option, or Obamacare, which will ruin our economy, bankrupt companies and American workers, and endanger the elderly?

 

 

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Published in: on November 27, 2013 at 8:32 am  Leave a Comment  

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