Up to 80% of small employers will be forced to drop health insurance under ObamaCare

By 2014, almost all small employers that offer health insurance to their workers will be forced to drop those plans because they don’t meet standards for health insurance set by ObamaCare, according to report released late Friday by the White House. See page 50.

Under three scenarios, 

49%, 66% or 80% of small employers and 34%, 45% or 64% of large employers could be forced out of the health insurance business by 2013 under ObamaCare, according to the report. Small employers are defined as those with 3 to 99 employees and large ones as those with 100 or more employees.

The estimates are in an official draft of the Obama administration’s regulations for implementing the recently enacted health deform law. The draft was leaked to Bill Posey (R-FL), and he has posted it on his web site.

As a result of the new regulations, Posey said in a news release, “51% of all Americans will lose their current health [insurance] plans over the next three years. Furthermore, 66% of all employees working for small businesses will lose their health [insurance] plans under the regulations to establish how existing plans will meet the new new mandates of the health care reform law.”

Posey charged, “This is a bait and switch. The president and leaders in Congress made a different set of promises to the American people before the bill was passed. Now the details are coming out and they don’t match the promises.”

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