Since Obamacare’s Passage, Millions Have Lost Employer-Sponsored Health Insurance

Since Obamacare’s Passage, Millions Have Lost Employer-Sponsored Health Insurance



Jeffrey H. Anderson

November 11, 2011 4:42 PM




Throughout the Obamacare debate, President Obama repeatedly promised, “If you like your health care plan, you can keep your health care plan.” Now, Gallup reports that from the first quarter of 2010 (when Obama signed Obamacare into law) to the third quarter of this year, 2 percent of American adults lost their employer sponsored health insurance. In other words, about 4.5 million Americans lost their employer-sponsored insurance over a span of just 18 months.
This is not what the Congressional Budget Office (CBO) had predicted would happen. Rather, the CBO had predicted that Obamacare would increase the number of people with employer-sponsored insurance by now. It had predicted that, under Obamacare, 6 million more Americans would have employer-sponsored insurance in 2011 than in 2010 (see table 4, which shows the CBO’s projected increase of 3 million under (pre-Obamacare) current law and an additional 3 million under Obamacare). So the CBO’s rosy projections for Obamacare (and even these paint a frightening picture) are already proving false.
Whether the decline in employer-sponsored insurance over the past 18 months is a product of Obamacare or of the Obama economy — and whether Obamacare is the principal cause of the anemic performance of the Obama economy — can be debated. But what’s clear is that, more than 25 months before Obamacare would really go into effect — if it’s not repealed first — employers are already dropping employees from their insurance rolls.
Take Walmart, for example — a prominent Obamacare supporter. Gallup writes,
“The nation's largest private employer, Wal-Mart, announced in October that new part-time employees who work less than an average of 24 hours a week would no longer be able to get their health insurance from the company. Wal-Mart laid out several other cuts to its health insurance offerings, including some workers’ ability get coverage for their spouses. Other companies have already made and will likely continue to make similar changes to their health insurance benefits….
“If Wal-Mart's decision is a precursor of how employers intend to manage their healthcare costs, the downward trend in employer-based healthcare will likely continue.”
So in addition to costing about $2.5 trillion over its real first decade (2014 to 2023), looting nearly $1 trillion from Medicare over that time (according to the CBO), forcing Americans to buy government-approved health insurance under penalty of law, and amassing unprecedented power and money in Washington at the expense of Americans’ liberty — if Obamacare stays on the books, you may like your health care plan, but that doesn’t necessarily mean you can keep your health care plan.
It’s time to repeal Obamacare.

MANUFACTURING
Stryker, the Kalamazoo-based maker of artificial hips and knees, will cut 5% of its global workforce by the end of next year to reduce costs in the face of new fees on device makers required by the U.S. health care law.
The job cuts will reduce annual pretax operating costs by more than $100 million beginning in 2013, when the medical-device excise tax is scheduled to take effect, Stryker said Thursday in a statement. Stryker had more than 20,000 employees as of Dec. 31, according to Bloomberg News data.
Stryker expects to record $85 million to $95 million of the expense in the fourth quarter of 2011.
"These actions are part of our ongoing focus on quality, innovation and cost, and position the company to continue to provide strong, consistent growth in a changing environment," CEO Stephen MacMillan said.

Why is this thread so quiet? I guess the truth hurts.

Health Insurance should NOT be work related at all. Healthcare is pure commercial business in the USA and has everything to do with American Greed!!
That is why Governments have to be involved. Federal or State level that's not important. Someone has to pick up what commercial business cannot or will not do.

I agree. States can do pretty much what they want. The Feds should stay out of it, unless a constitutional amendment allowing them to get in the insurance business is passed.

Why is this thread so quiet? I guess the truth hurts. Originally Posted by CuteOldGuy

the liberal always ignore my posted articles for 3 reasons:

1. I posted it
2. Liberals don't read or seek knowledge
3. It proves I'm right and they are wrong........

Health Insurance should NOT be work related at all. Healthcare is pure commercial business in the USA and has everything to do with American Greed!!
That is why Governments have to be involved. Federal or State level that's not important. Someone has to pick up what commercial business cannot or will not do.

notice how this liberal tries to defend people losing their medical insurance?

According to him it IS good thing that they lost their medical issurance because it should never have been work related.....besides, private health insurance is wrong because it is provided by those EVIL CORPORATIONS!

let's just ignore the facts that FDR encouraged employer sponsored medical insurance and that government medical insurance denies more claims than private insurance.....

don't let facts and truth get in the way that Odumbocare was brought to you by an African American president and this liberal African American poster wants Odumbo reelected only because he is black.......

This thread such BS. I am thankful for some of the things passed in that bill, because my daughter and niece and nephew have insurance through their parents thanks to the Obama health insurance bill. When my sister lay dying in the hospital my folks got the help and advice (end of life counseling) needed to prepare for her passing that is required by the bill.

This thread such BS. I am thankful for some of the things passed in that bill, because my daughter and niece and nephew have insurance through their parents thanks to the Obama health insurance bill. When my sister lay dying in the hospital my folks got the help and advice (end of life counseling) needed to prepare for her passing that is required by the bill.

sure you like it Granny Pleasures, you think you're getting more freebies......Odumbo's kind consider you a "useful idiot"......

private insurance premiums have gone up to cover those mandates.....somebody has to pay......don't suppose that bothers you......

you don't even know what "some of those other things" in Odumbocare are......

This thread such BS. I am thankful for some of the things passed in that bill, because my daughter and niece and nephew have insurance through their parents thanks to the Obama health insurance bill. When my sister lay dying in the hospital my folks got the help and advice (end of life counseling) needed to prepare for her passing that is required by the bill. Originally Posted by Guilty Pleasures

I'm glad you got what you needed. That's the way it should be.
Idiot's like Marshall have no clue about responsibilities that people have to one another.

Government mandated end of life counseling??????

We are fucked !

More free shit that someone else has to pay for.

I'm glad you got what you needed. That's the way it should be.
Idiot's like Marshall have no clue about responsibilities that people have to one another. Originally Posted by waverunner234

Idiot's like Marshall have no clue about responsibilities that people have to one another. Originally Posted by waverunner234

Spoken like a true Marxist.

If you feel you have a responsibility for others, then YOU do it! Don't come to me and demand MY money by force to fund causes YOU think are important. Liberals are so morally superior to the rest of us, that they think THEY can decide what I should pay for.

Liberals are so morally superior to the rest of us, Originally Posted by CuteOldGuy

A-ha! So you're the one who said what you said several posters have said. That you bitched about.