Consultants at Deloitte expected 9 percent of companies to drop coverage, while Mercer’s estimate was 21 percent. The Congressional Budget Office, which provided the official projection of the law’s cost, was much lower. If there’s an exodus from employer health plans and those workers end up in the Obamacare exchanges, the program’s cost will explode.

But the opposite problem also could be disastrous for the law’s viability. The dumped workers and many of those now without policies may not go to the exchanges at all, opting instead to pay the penalty, which will be much lower than the cost of a health plan.

If the young and healthy stay away, those left in the exchanges will be older and sicker — pushing premiums higher and driving more people out.

via E. Thomas McClanahan: Obamacare destined to fail – Omaha.com.

Join the conversation! 5 Comments

  1. Reblogged this on Jericho777's Blog.

    Reply
  2. Reblogged this on News You May Have Missed and commented:
    Obamacare Shock: 9-21% of Americans to LOSE coverage

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Category

Human Rights, Top Story

Tags