Posted on 03/27/2016 6:43:34 PM PDT by MarvinStinson
The slow-motion implosion of Obamacare continues with the newest report from the Congressional Budget Office foreseeing up to 9 million Americans losing their employer-based insurance coverage over the next decade because of spiking premiums.
The Washington Times:
Obamacare insurance premiums will leap 6 percent a year over the next decade, and companies will drop millions of employees from their health plans as insurers and employers calibrate their offerings for the new marketplace, the Congressional Budget Office said Thursday. The health law will continue to steadily grow in both cost and coverage, working toward President Obama’s goal of expanding those with access to insurance — but the government will shell out tens of billions of dollars to pay for it, analysts said in their latest evaluation of the federal budget and the Affordable Care Act, which is driving much of the change.
Medicaid, the federal-state health program for the poor, is growing particularly fast, with some 13 million people signed up for the program this year because of Obamacare. That’s up 3 million from 2015, and it will grow to 19 million by 2026, the CBO said.
Some of those millions will be the working poor, who could get coverage through their jobs but choose Medicaid instead. But millions of others will be thrown out of their plans by businesses who decide it’s cheaper to pay the government penalty than to offer coverage to all of their employers.
“Over the next few years, more employers are expected to respond to the availability of coverage through the marketplaces by declining to offer insurance to their employees,” the CBO said. “As employers change their insurance offerings, some of their employers are expected to enroll in coverage through the marketplaces.”
Between the pull of Medicaid and the push of employers dumping plans, some 9 million fewer people will be getting coverage through their jobs than would have been the case without Obamacare, analysts said.
The expanded number of people on Medicaid, and the growing number of people buying insurance on the Obamacare health exchanges with the aid of taxpayer subsidies, will push up the cost of coverage some $136 billion over last year’s projection.
Show some class
I want my $2500/yr savings.....
dam working people don’t deserve good health care. /s
redistribution at its finest.
disgusting.
non compos mentis
the way to fix this is to pass a law to compel all (ALL) fedgov employees into obamacare.
ALL OF THEM. NO EXCEPTIONS.
ALL OF THEM.
I’d just be happy if mine quit going up $2500 a year
No exemptions, no exceptions.
.... Ya ..... 'tis all pre-planned ..... This calamitous event has been predicted since it's inception .... and will take place only ..... After the Federal Election. If the HILL wins ..... Then they will just throw more money at it and continue will endless QE's while the world and eventually this country explodes in flames and collapses ..... All to be blamed upon the one's once known as "The Republicans."
..... Ahhhhh ...... Those evil .... republicans ....
CBO was complicit in this atrocity. Was there even one analyst who resigned in disgust at the artificial 10 year limit imposed by Pelosi and crew? None of this should be a surprise to anyone. People need to do prison time for this.
This is what Trump refers to as “collapsing under it’s own weight”
I won’t say it’s impossible to lose my employer based insurance but it would be highly unlikely. I’m a retiree and it’s contractual that my former (Non government) former employer is responsible as long as I live and as long as my wife survives, they are contractually responsible for hers too - along with 80% of my pension as long as she lives.
That’s my favorite word, or the basis of it: “nincompoop” .
Just the opposite. First day in office, President Trump issues Executive Order #1. All 330 million Americans are hereby granted a waiver from Obamacare.
MA is already talking about Single Payer.
Heck of a fix, eh? Totally unexpected.
That would be a fitting end, but until then, no exemptions and no exceptions would suffice.
The more people drop out, the higher the premiums until there is no insurance available. Then all that’s left is single payer government provided insurance. Which is what I’m on right now....the VA.
If “health care” is a perceived to be “right, then,
Congress should pass a law amending the tax code
to make all medical expenses tax deductible.
“Rights” should not be taxed.
Excellent idea.
How has your care under the VA been?
I have a good local VA clinic and have used it to keep current/eligible and have not had any problems but have not had major issues.
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