Despite assurances to the contrary, many Americans will not be able to keep their current health coverage once ObamaCare kicks in fully in 2014.
A new survey of midsize and large businesses found that about one in 10 plans to drop its employee health coverage once ObamaCare is in effect. That would leave the employees with little choice but to go on ObamaCare, even if they prefer their former insurance plan. An additional 20 percent of the companies polled said they aren’t sure what they might do once ObamaCare is fully implemented, the Towers Watson survey found.
That is in stark contrast to President Barack Obama’s repeated promises prior to the passage of his socialized medicine law that the law would not force Americans to give up their existing coverage. He said in 2009, for instance, “If you like your health care plan, you can keep your health care plan.”
But that is simply not true.
Starting in 2014, ObamaCare has provisions requiring that companies with 50 or more full-time employees either provide health coverage approved by the federal government or pay a $2,000 fine per full-time worker, excluding their first 30 workers.