Remember, when President Obama made a promise that If you like your health care that won’t change under Obama Care. Wrong: A new document obtain by the Republicans in House of Representative show the opposite is true. Most Americans will lose their health insurance. From Investors Business Daily:
Internal administration documents reveal that up to 51% of employers may have to relinquish their current health care coverage because of ObamaCare.
Small firms will be even likelier to lose existing plans.
The “midrange estimate is that 66% of small employer plans and 45% of large employer plans will relinquish their grandfathered status by the end of 2013,” according to the document.
The worst cases nearly 70% of all employers and 80% of all small business will lose their health care exemptions:
In the worst-case scenario, 69% of employers — 80% of smaller firms — would lose that status, exposing them to far more provisions under the new health law.
The document 83 page long by the Departments of Labor, Health and Human Services and IRS was leaked out to the House Republicans this week:
The 83-page document, a joint project of the departments of Health and Human Services, Labor and the IRS, examines the effects that ObamaCare’s regulations would have on existing, or “grandfathered,” employer-based health care plans.
Draft copies of the document were reportedly leaked to House Republicans during the week and began circulating Friday morning. Rep. Bill Posey, R-Fla., posted it on his Web site Friday afternoon.
“It’s been passed around the staffs here on Capitol Hill. Congressman Posey thought it was important enough to share,” said spokesman George Cecala.
In a statement, Posey said the document showed that the arguments in favor of ObamaCare were a “bait and switch.”
“The president promised repeatedly that people who like their current plans can keep them, but now the details of their plan actually confirm what many suspected all along, most Americans will lose their current health care plan,” Posey said.
Investors Business Daily has the rest of the story: