ObamaCare could cause 10 million people to lose insurance coverage

Wed, 12/09/2009 - 12:38pm | posted by Jason Pye

The Congressional Budget Office has issued a new report showing that 10 million people could lose their health insurance under ObamaCare:

The Congressional Budget Office estimates that up to 10 million people could lose their employer-based insurance coverage under the Senate’s health care reform bill.

In new figures out Monday, the nonpartisan office said the net loss would add up to about 5 million — the anticipated loss of employer coverage on one end would be offset in part by the expectation that a new mandate would drive other employers to cover millions more workers who are not currently covered.

But the estimate assumes many employers, particularly small businesses with low-wage workers, would opt to pay the fine and drop their insurance plans. The CBO estimated this would affect between 9 million and 10 million workers.

The estimate was provided after Republicans pressed the CBO for details on employer coverage, and it added fuel to the GOP argument that President Obama’s claim that nobody will be forced to give up their private coverage is bunk. It comes in the middle of a heated debate in the Senate over whether and how the government should enter the market with its own insurance plan.

I’m no fan of employer-based coverage, especially while individuals that purchase their own policies are not given the same tax advantages as businesses and it hides the real costs of health care. The mandates on businesses and individuals that Democrats seem hell bent on throwing into this legislation is going to do so much more harm than good, not mention send you to jail if you fail to comply.

And as we’ve said over and over, President Obama and Democrats are lying when they say your health insurance will not change under the legislation their trying to pass. You will only be able to keep your insurance plan meets federal minimum requirements that will be established under ObamaCare.

Even while there are rumors of an impending deal without a government-run option, we’ve got to keep pressing our Senators to vote against this bill. DO NOT GIVE UP!