Thursday, October 31, 2013

The Anger Will Spread: 80 Million Won't Be Able To Keep Their Employer-Based Insurance, Either

The hubbub over the loss of health insurance coverage in the individual market, affecting some 13 million, will grow into quite a wail when 80 million additional people lose their employer-based healthcare plans, which is why Obama delayed the employer mandate, dummy. Better to let the country get used to the idea by screwing the few, the proud, the responsible, you know, the ranks where the Tea Party comes from, first. But the rest of you are going to get it in the shorts later, no question about it.

From Avik Roy at Forbes, here:

Obamacare’s disruption of the existing health insurance market—a disruption codified in law, and known to the administration—is only just beginning. And it’s far broader than recent media coverage has implied. ...

60 percent of Americans have private-sector health insurance—precisely the number that Jay Carney dismissed. As to the number of people facing cancellations, 51 percent of the employer-based market [80 million of 156 million Americans] plus 53.5 percent of the non-group market (the middle of the administration’s range) [13 million of 25 million Americans] amounts to 93 million Americans.

President Obama’s famous promise that “you could keep your plan” was not some naïve error or accident. He, and his allies, knew that previous Democratic attempts at health reform had failed because Americans were happy with the coverage they had, and opposed efforts to change the existing system. ...

Obamacare forces insurers to offer services that most Americans don’t need, don’t want, and won’t use, for a higher price.