As many as 20 million Americans could lose their employer-provided coverage because of President Obama's healthcare reform law, the nonpartisan Congressional Budget Office said in a new report Thursday.
The figure represents the worst-case scenario, CBO says, and the law could just as well increase the number of people with employer-based coverage by 3 million in 2019.
The best estimate, subject to a "tremendous amount of uncertainty," is that about 3 million to 5 million fewer people will obtain coverage through their employer each year from 2019 through 2022.
1 comment:
I can't vouch for the 20 million number, but I do know that at our little company here on the eastern shore, about 100 employees will lose employee provided health care. We've crunched the numbers several times, and it will be significantly cheaper to drop the health care plan and just pay the fine, than to comply with the requirements of the new laws.
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