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Saturday, November 2, 2013

Obama KNEW in 2010 that 93-million or more would lose current insurance due to Obamacare


From Insights, Issues & Istook --


In the fine print of Obama Administration documents from three years ago, it shows they knew Obamacare would outlaw far more than the 5% of policies which they now claim are involved. Instead, it’s 93-million Americans, including group and employer-based coverage as well as individual policies.

Obama has known all along that 93-million people would lose their current insurance due to Obamacare.

The White House is in full-blown cover-up mode, claiming President Obama has saved Americans from supposed second-rate, predatory, bad-apple or shoddy insurance companies.

Their crime? Offering affordable insurance that people wanted to keep. No, it didn’t cover everything like Obamacare does. But few can afford a policy that covers everything–just like flying first-class costs too much, or staying in luxury hotels.

In the fine print of Obama Administration documents from three years ago, it shows they knew Obamacare would outlaw far more than the 5% of policies which they now claim are involved. Instead, it’s 93-million Americans, including group and employer-based coverage as well as individual policies.

Obama lied to get votes, saying if you liked your insurance you could keep it. Now he’s lying to cover it up; so we can expect that his lying will never stop.

In FORBES, Avril Roy reveals an obscure Obama Administration report published in the June 2010 Federal Register.  

As he writes:

“The Departments’ mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013,” wrote the administration on page 34,552 of the Register. All in all, more than half of employer-sponsored plans will lose their “grandfather status” and get canceled. According to the Congressional Budget Office, 156 million Americans—more than half the population—was covered by employer-sponsored insurance in 2013.

Another 25 million people, according to the CBO, have “nongroup and other” forms of insurance; that is to say, they participate in the market for individually-purchased insurance. In this market, the administration projected that “40 to 67 percent” of individually-purchased plans would lose their Obamacare-sanctioned “grandfather status” and get canceled, solely due to the fact that there is a high turnover of participants and insurance arrangements in this market. (Plans purchased after March 23, 2010 do not benefit from the “grandfather” clause.) The real turnover rate would be higher, because plans can lose their grandfather status for a number of other reasons.

How many people are exposed to these problems? 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 plus 53.5 percent of the non-group market (the middle of the administration’s range) amounts to 93 million Americans.

Will these canceled plans be replaced with better coverage?

President Obama’s famous promise that “you could keep your plan” was not some na├»ve 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.

Now, supporters of the law are offering a different argument. “We didn’t really mean it when we said you could keep your plan,” they say, “but it doesn’t matter, because the coverage you’re going to get under Obamacare will be better than the coverage you had before.”

But that’s not true. Obamacare forces insurers to offer services that most Americans don’t need, don’t want, and won’t use, for a higher price.
In an earlier FORBES article, Chris Conover calculates a larger number of Americans will lose their current coverage, namely 129 million of us. You can read that article HERE; it includes his calculations.

A chart from it is below:


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