Sunday, April 21, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, July 25, 2012
Obamacare: 10-20% of Employers to Drop Health Coverage
By Heritage Foundation @ 3:07 PM :: 3313 Views

Obamacare Falls Short of Promises to Uninsured

Two new reports out yesterday continue to knock down President Obama's promises about Obamacare: his "If you like your plan, you can keep it," and the promise to significantly shrink the ranks of the uninsured.

According to a new study from consulting firm Deloitte, almost one of out of 10 employers said they are going to drop coverage for their employees because of Obamacare, while another 10 percent said they "remain unsure" about what they are going to do. As the vast majority of Americans have health insurance through their workplaces, this is a huge blow.

Yesterday the Congressional Budget Office (CBO) dealt another blow with its updated outlook on the health care law, as it attempted to integrate the Supreme Court's ruling into its projections.

Although Obamacare spends more than $1 trillion to get people covered, CBO predicts it will still leave 30 million Americans uninsured, falling far short of what was promised.

CBO's announcement said that Obamacare could cost less than originally projected—but the reason for the drop was that fewer people will be covered.

Even with the updated cost estimate, Heritage's Kate Nix explains: "The law will now add $1.17 trillion in new government spending over 10 years—paid for by massive tax hikes on all Americans and robbing money from the Medicare program."

Although President Obama campaigned on the dream of universal coverage, that remains simply a dream. In fact, each time the CBO has updated its projections, the number of uninsured under Obamacare increases. Nix breaks it down:
Since day one, it's been clear that Obamacare will not achieve universal coverage, and every time CBO revisits the law, the numbers show just that. In March 2010, when the law passed, CBO predicted that there would be 22 million people still without insurance in 2019. In March 2012, the estimate increased to 27 million in 2022. Now, the number has once again increased—to 30 million. So Obamacare leaves just as many people uninsured as it covers.
"It leaves just as many people uninsured as it covers" wouldn't have been a very convincing slogan for the lawmakers who believed that Obamacare would help the uninsured.

Even this CBO projection is merely a guess. The agency is guessing what will happen now that states aren't being forced to expand their Medicaid programs. Though the Supreme Court allowed Obamacare's individual mandate to stand as a tax, it struck down the law's forced Medicaid expansion as unconstitutional.

But as the CBO said, "what states will be able to do and what they will decide to do are both highly uncertain. As a result…[the] estimates reflect an assessment of the probabilities of different outcomes."

Those outcomes are up in the air, because most of the nation's governors haven't decided whether to expand their Medicaid programs yet. States that do may face "a large extra cost," the CBO said.

Heritage's Nina Owcharenko warned states not to buckle under Administration pressure to move forward with the expansion of Medicaid. And for good reason—the unintended consequences continue to mount, and the story grows worse with every day that the law stays on the books.
---30---

FEATURED POSTS
QUICK HITS
Attorney General Eric Holder has started an investigation of Pennsylvania's voter ID law.
"Russian Foreign Minister Sergei Lavrov accused the United States on Wednesday of justifying terrorism against the Syrian government," reports The Jerusalem Post.
President Obama told a fundraiser crowd that his economic plan has "worked." "We tried our plan—and it worked," he said.
Britain is in its "longest double-dip recession in more than 50 years," reports The Telegraph.
The list of prominent figures calling for Congress and the President to stop Taxmageddon—the nearly $500 billion tax increase scheduled for January 1—is growing by the day. See the list here.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT