Forbes Does the Math: White House Predicted in 2010 That 93 Million Would Lose Their Health Plans Under Obamacare

Obama Facepalm_5An article from Forbes Thursday thoroughly refutes this claiming that Obama officials back in 2010 predicted that 93 million Americans would have their plans cancelled as a result of ObamaCare including a vast amount of those with employer-sponsored plans:

If you read the Affordable Care Act when it was passed, you knew that it was dishonest for President Obama to claim that “if you like your plan, you can keep your plan,” as he did—and continues to do—on countless occasions.

Section 1251 of the Affordable Care Act contains what’s called a “grandfather” provision that, in theory, allows people to keep their existing plans if they like them. But subsequent regulations from the Obama administration interpreted that provision so narrowly as to prevent most plans from gaining this protection.

“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,” wrote the administration on page 34552. All in all, more than half of employer-sponsored plans will lose their “grandfather status” and get canceled. …

As we found out from Lisa Myers’ report Monday, the administration predicted that between 47 and 60 percent of individually-purchased policies would be cancelled under ObamaCare.

Forbes did the math to calculate a total:

51 percent of the employer-based market plus 53.5 percent of the non-group market (the middle of the administration’s range) amounts to 93 million Americans.

What this means is…

This article continues at newsbusters.org

 

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