Ten times more Americans than first estimated will lose employer-based health insurance under Obamacare: CBO

The latest data on Obamacare analyzed by the Congressional Budget Office shows that 10 million Americans are likely to lose their employer-based insurance by 2021 as companies dump their workers onto the Obamacare exchanges. That's 10 times the number originally projected by the CBO. About 1 of every 16 workers will be affected.

The latest CBO report has not garnered a lot of attention, even though it contains the modestly good news that Obamacare is not costing as much as the CBO thought it would in 2010. That said, another reason the left and the administration may not be touting this news is that the report also says that after a decade of Obamacare, there will still be 31 million people without health insurance - a number that has gone up every year the CBO has issued a report.

IDB:

This finding stands in sharp contrast to earlier CBO projections, which at one point suggested ObamaCare would increase the number of people getting coverage through work, at least in its early years.

The budget office has, in fact, increased the number it says will lose workplace coverage every year since 2011.

The latest CBO finding also thoroughly debunks the many promises ObamaCare backers made when selling the law — about how those with work-based coverage had nothing to worry about.

ObamaCare architect Jonathan Gruber, for example, said the law was specifically designed "to leave those who are happy with their employer-sponsored insurance alone."

Then Washington Post reporter Ezra Klein reassured readers that "for most companies ... there's little reason to expect their behavior will change."

The White House insisted that "respected independent analysts have concluded that the number of Americans who get their health insurance at work will not change in a significant way."

Obama endlessly repeated his iron-clad guarantee that those who liked their plans could keep them.

And those who suggested at the time that employers might take advantage of ObamaCare to offload their health costs onto taxpayers by dumping workers into the government exchanges were told to read those now-discredited CBO reports.

At the same time CBO was upping ObamaCare's impact on work-based insurance, it's been downgrading the impact on the uninsured.

The CBO now says ObamaCare will leave 31 million uninsured after more than a decade, up from its 23 million forecast made in 2011.

Put another way, the CBO promised that ObamaCare would cover 60% of the uninsured.

Now it says the program will cover less than half, despite spending $2 trillion to subsidize premiums and expand Medicaid.

Does anyone really believe that if Obama announced a plan to spend $2 trillion on a program that would leave 31 million uninsured and force 10 million workers off their employer-based insurance, that even Democrats would have voted for it?

There were plenty of Republicans who warned at the time that this exact scenario would play itself out over the first few years of Obamacare. Millions kicked off their health plans at work; tens of millions still uninsured; you wouldn't be able to keep your plan or doctor; and the less than a trillion dollar price tag over the next decade Obama touted before passage of the legislation was pie in the sky.

It wasn't a secret. As we know now, even architects like Mr. Gruber knew the real score and lied about the law. Anyone who believed these claims was only fooling themselves, as the unfortunate consequences of the law continue to be felt throughout the country.


 

The latest data on Obamacare analyzed by the Congressional Budget Office shows that 10 million Americans are likely to lose their employer-based insurance by 2021 as companies dump their workers onto the Obamacare exchanges. That's 10 times the number originally projected by the CBO. About 1 of every 16 workers will be affected.

The latest CBO report has not garnered a lot of attention, even though it contains the modestly good news that Obamacare is not costing as much as the CBO thought it would in 2010. That said, another reason the left and the administration may not be touting this news is that the report also says that after a decade of Obamacare, there will still be 31 million people without health insurance - a number that has gone up every year the CBO has issued a report.

IDB:

This finding stands in sharp contrast to earlier CBO projections, which at one point suggested ObamaCare would increase the number of people getting coverage through work, at least in its early years.

The budget office has, in fact, increased the number it says will lose workplace coverage every year since 2011.

The latest CBO finding also thoroughly debunks the many promises ObamaCare backers made when selling the law — about how those with work-based coverage had nothing to worry about.

ObamaCare architect Jonathan Gruber, for example, said the law was specifically designed "to leave those who are happy with their employer-sponsored insurance alone."

Then Washington Post reporter Ezra Klein reassured readers that "for most companies ... there's little reason to expect their behavior will change."

The White House insisted that "respected independent analysts have concluded that the number of Americans who get their health insurance at work will not change in a significant way."

Obama endlessly repeated his iron-clad guarantee that those who liked their plans could keep them.

And those who suggested at the time that employers might take advantage of ObamaCare to offload their health costs onto taxpayers by dumping workers into the government exchanges were told to read those now-discredited CBO reports.

At the same time CBO was upping ObamaCare's impact on work-based insurance, it's been downgrading the impact on the uninsured.

The CBO now says ObamaCare will leave 31 million uninsured after more than a decade, up from its 23 million forecast made in 2011.

Put another way, the CBO promised that ObamaCare would cover 60% of the uninsured.

Now it says the program will cover less than half, despite spending $2 trillion to subsidize premiums and expand Medicaid.

Does anyone really believe that if Obama announced a plan to spend $2 trillion on a program that would leave 31 million uninsured and force 10 million workers off their employer-based insurance, that even Democrats would have voted for it?

There were plenty of Republicans who warned at the time that this exact scenario would play itself out over the first few years of Obamacare. Millions kicked off their health plans at work; tens of millions still uninsured; you wouldn't be able to keep your plan or doctor; and the less than a trillion dollar price tag over the next decade Obama touted before passage of the legislation was pie in the sky.

It wasn't a secret. As we know now, even architects like Mr. Gruber knew the real score and lied about the law. Anyone who believed these claims was only fooling themselves, as the unfortunate consequences of the law continue to be felt throughout the country.