Three new reports are predicting that tens of millions of
Americans will
lose their employer-sponsored health
insurance
(ESI) due to ObamaCare -- adding hundreds of billions and
perhaps trillions of dollars to ObamaCare's price tag
over the next ten
years. The scenario goes like this:
Employers will abandon employer-based
health insurance in
favor of paying the $2,000 ObamaCare penalty -- and save
thousands of dollars per employee in the process.
Meanwhile,
employees get forced into the government's health
insurance welfare system that pays them
thousands of
dollars in ObamaCare welfare dollars!
A report issued in
May -- entitled "Labor Markets and Health
care Reform: New Results" -- paints
a shocking picture of
the real impact of ObamaCare with an estimated 35
million
employees losing their ESI. The report shows clear
economic
incentives for employers to drop healthcare coverage
for
employees making up to $59,200.
Two additional studies -- by the
National Center for Policy
Analysis and McKinsey -- project from 80 million
to 117
million people will lose their ESI. The McKinsey study
surveyed
over 1,300 employers and found that "30 percent
of employers will definitely
or probably stop offering ESI
in the years after 2014." For those employers
that had a
"high awareness" of the rules of ObamaCare, "this
proportion
increases to more than 50 percent, and upward of 60
percent
will pursue some alternative to traditional ESI."
Responding
to these studies, Sen. Ron Johnson (R-WI)
recently warned in a Washington Post op-ed
that:
"ObamaCare poses two great dangers to our nation: lower
quality
of care and runaway costs. It will stifle
innovation and lead to rationing.
But the overwhelming
cost and the damage it will do to our nation's
finances
at a pivotal moment in our history deserve greater scrutiny."
Johnson says that if tens of millions of workers lose
their
ESI and are forced into the government system, the cost of
ObamaCare
"would be more than nine times the original cost
estimate of $93 billion each year ($893
billion vs. $93
billion)."
This is the shocking truth of
ObamaCare!
Tens of millions of Americans will lose their
employer-based
insurance and be forced into a massive new government
welfare program that will bankrupt our nation!
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