Theodore's World: New Report: Obamacare May Cause 20 Million To Lose Coverage

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March 16, 2012

New Report: Obamacare May Cause 20 Million To Lose Coverage

Report: Obamacare May Cause 20 Million To Lose Coverage…

The Hill

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.

The new report adds more detail to this week’s update of the law’s coverage provisions, which CBO released Tuesday. Compared to a year ago, the law is now anticipated to cover 2 million fewer people but cost $50 billion less over 10 years, after factoring penalties paid by individuals and businesses that don’t get or provide healthcare coverage.

"President Obama's string of empty promises is quickly becoming a disappointing trail of broken promises," House Budget Committee Chairman Paul Ryan (R-Wis.) said in a statement. "He promised Americans that his overhaul of the health care sector would not jeopardize the health coverage of those who liked what they had. As nonpartisan analysts made clear today, millions of Americans will soon learn the hard way that Washington's overreach into their health care decisions will result in sharp disruptions to their coverage and their care."

Wild Thing's comment.........

Damn you Obama!!! And Nancy Pelosi knew that before the bill was passed. She INTENTIONALLY WITHHELD DATA from Congress to increase likelihood of passage. They should all committed crimes against our Constitution.

Posted by Wild Thing at March 16, 2012 12:55 AM


How's that Hope & Change going? (A shame that folks didn't ask too closely in '08.)

Posted by: Anonymous at March 16, 2012 09:45 PM

Anonymous, it sure is!!

Posted by: Wild Thing at March 16, 2012 11:28 PM