Some will opt to go on Medicaid, but others will be kicked off their company plans by employers who decide not to offer coverage anymore, according to a new CBO report titled, "Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2016 to 2026."
"As a result of the ACA, between 4 million and 9 million fewer people are projected to have employment-based coverage each year from 2017 through 2026 than would have had such coverage if the ACA had never been enacted,” the report, released Thursday, said.
Employers now cover some 155 million people, about 57 percent of those under 65. That's expected to decline to 152 million people in 2019. Ten years from now, employers will be covering about 54 percent of those under 65.
CBO said part of the shrinkage is attributable to the health care law: some workers may qualify for Medicaid, which is virtually free to them, and certain employers may decide not to offer coverage because a government-subsidized alternative is available.
Larger employers would face fines if they take that route.
7 comments:
Gruber is the man.
They were wrong before, why stop now?
All the unintended consequences that were pointed out by those in the insurance industry, who understand economics and who are actually IN the business of business.
None of these things were unanticipated, except by the morons who shoved this program down our throats and the morons who bought the fairy tale that you can re-invent economic or human psychology.
When a con passes for Truth, Trump happens.
Dust Bunny Queen said...
All the unintended consequences that were pointed out by those in the insurance industry, who understand economics and who are actually IN the business of business.
None of these things were unanticipated, except by the morons who shoved this program down our throats and the morons who bought the fairy tale that you can re-invent economic or human psychology.
And the idea that congress can compel you to buy what they are selling or be taxed as a fine for it.
"So, let me get this straight... We are going to be gifted with a health care plan that we are forced to purchase, and fined if we don't, which reportedly covers 10 million more people without adding a single new doctor, but provides for 16,000 new IRS agents, written by a committee whose chairman doesn't understand it, passed by Congress, that didn't read it, but exempted themselves from it, and signed by a president who smokes, with funding administered by a treasury chief who didn't pay his taxes, for which we will be taxed for four years before any benefits take effect, by a government which has bankrupted Social Security and Medicare, all to be overseen by a surgeon general who is obese and financed by a country that is broke.
So what the blank could possibly go wrong?"
~ Former nun, Army major, lawyer, college professor and physician Dr. Barbara Bellar - 2012
I wouldn't say this was an intended consequence DBQ. This is what Nancy Pelosi was hoping would happen when she said people could quit their jobs and become artists. When a company isn't providing you health coverage, then you aren't beholden to them for benefits. Except, it is only small and medium company's that are cutting benefits. Too large to fail companies are able to maintain them, so long as they continue paying the speaking fees for politicians. It's soft fascism.
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