Tuesday, February 5, 2013

Seven million will lose insurance under Obama health law

In case you missed it:

Seven million will lose insurance under Obama health law
President Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.

CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.
 So, fewer people get insurance and the government gets more money in penalties.  That couldn't possibly have been the plan all along or anything.

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