The left-wing Politico deserves credit for reportingwhat much of the media will not: the fallout yet to come from the rolling ObamaCare debacle. Politico covers the death spiral, sticker shock, and more. Conspicuously missing in Politico's analysis, though, is the Obama administration's own prediction that ObamaCare will potentially result in tens of millions of employer-based health plan cancellations.
Yes, you read that correctly; the Obama administration itself predicted in 2010 that "a majority of group health plans will have lost their grandfather status by the end 2013.” …
The DOJ cites the June 17, 2010, edition of the Federal Register, which acknowledges that within the first year of Obamacare’s employer mandate, the insurance plans offered by many employers will be canceled because their policies will not be grandfathered under the administration’s regulations.
”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,” the Register says. “The low-end estimates are for 49 percent and 34 percent of small and large-employer plans, respectively, to have relinquished grandfather status, and the high-end estimates are 80 percent and 64 percent, respectively.”