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July 21, 2009
Heritage study shows that you will lose your insurance under Obamacare
Both sides in the health care debate are furiously spinning what's in it. But sometimes, a few facts anda figures are in order to show one side is lying.
The Heritage Foundation just completed a study that makes a liar out of Obama when he says you won't lose the insurance you already have:
Here's the truth, brand-new analysis(pdf) from The Heritage Foundation - conducted by The Lewin Group- shows that the public plan component within the House Democrats' health reform bill is in conflict with how the Congress and the President are selling their reform plan. "If you like your health plan, you can keep it, the only thing that will change is that you'll pay less." Remember that? Well, according to the new Lewin study: Of course, the Democrats know this. They can spout all they want to about how Americans will be able to keep their insurance all they want but the fact is, the government plan will be cheaper and businesses - forced to give their employees insurance - will eagerly embrace the public option as a way to keep down costs.
- Approximately 103 million people would be covered under the new public plan and as a consequence about 83.4 million people would lose their private insurance. This would represent a 48.4 percent reduction in the number of people with private coverage.
- About 88.1 million workers would see their current private, employer-sponsored health plan go away and would be shifted to the public plan.
- Yearly premiums for the typical American with private coverage could go up by as much as $460 per privately insured person, as a result of increased cost-shifting stemming from a public plan modeled on Medicare.
That's an awful lot of workers who are going to be forced into the public plan. And give it five years. By then, almost all of us will either be paying through the nose for private insurance or giving in to the inevitable and embracing Obamacare.