Second wave of health plan cancellations looms

by FoxNews.com
November 21, 2013

A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections.

The next round of cancellations and premium hikes is expected to hit employees, particularly of small businesses. While the administration has tried to downplay the cancellation notices hitting policyholders on the individual market by noting they represent a relatively small fraction of the population, the swath of people who will be affected by the shakeup in employer-sponsored coverage will be much broader.

An analysis by the American Enterprise Institute, a conservative think tank, shows 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 predict up to 100 million small and large business policies could be canceled next year.

“The impact I’m mostly worried about is on small young, entrepreneurial firms that will suddenly face much higher health insurance premiums if they want to offer health insurance to their employees,” said AEI resident scholar Stan Veuger. “I think for a lot of other businesses … they can just send their employees to the exchanges or offer them a fixed subsidy every month to buy health insurance themselves.”

Under the health care law, businesses with fewer than 50 workers do not have to provide health coverage. But if they do, the policies will still have to meet the benefit standards set by ObamaCare.

3 Comments - what are your thoughts?

  • Karll says:

    Yeah, well they just extended that date until ONE WEEK AFTER the Nov 2014 election day! These filthy democraps are nauseating.

  • Old Highland Guy says:

    So the small business owner will just lower employee wages so they can pay for the Obamacare. Actually, employeers have never paid anything to anyone for health insurance, they have always cut wages so they could pay their share of anything. The empoyee always pays for everything. Think about it America.

    1. Hank says:

      Comsumers pay for everything,business passes on all costs as does government despite what a democrat will lie about to you. Government pays for nothing it only controls and spends OTHER PEOPLES MONEY. Nothing Costs the government a penny, they don’t have any money of their own, they only have Your money at their disposal, there is no such thing as their money,thats democrat hypocracy as it the oxymoron tax cuts Cost the Government.

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