By Onan Coca
The first five million plus cancellations of healthcare came from the individual market. These are the folks who shop around in their state to buy their own healthcare. They were the first casualties of Obama’s war on individual choice in the free(r) healthcare market. We now know that they won’t be the last.
If you get your healthcare through your employer group coverage, don’t get too comfortable. There is another wave of healthcare cancellations coming, and this time Obamacare is taking aim at the group healthcare market. If the President thought the blowback from five and a half million people losing their insurance was bad… wait until 100 Million lose their group insurance coverage.
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.
Why is this happening? Two reasons: the first is the same as in the individual market. Under the Obamacare legislation, companies with less than 50 employees do not have to offer coverage, but if they do, it must meet the minimum basic requirements set by Obamacare standards. So just like on the individual market, millions will lose their coverage because it doesn’t meet the standard level of coverage that the government believes you should have.
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