How many times during the health care debate did we hear Obama say if you like your current health care plan, you will be able to keep it? Well, like so many things in ObamaCare now that it has passed, turns out to be a big fat lie.
Investors Business Daily: Internal administration documents reveal that up to 51% of employers may have to relinquish their current health care coverage because of ObamaCare.
Small firms will be even likelier to lose existing plans.
The "midrange estimate is that 66% of small employer plans and 45% of large employer plans will relinquish their grandfathered status by the end of 2013," according to the document.
In the worst-case scenario, 69% of employers — 80% of smaller firms — would lose that status, exposing them to far more provisions under the new health law.
The 83-page document, a joint project of the departments of Health and Human Services, Labor and the IRS, examines the effects that ObamaCare's regulations would have on existing, or "grandfathered," employer-based health care plans. [MORE]
Anyone who took the time to actually check what was in ObamaCare knew that the chances of keeping your current plan were slim to none. ObamaCare was not designed to fix the problems of our current healthcare system; instead ObamaCare was designed to bring about its demise. The whole goal of ObamaCare is to leave the single payer health care system as the only viable option once ObamaCare is done wrecking havoc on the current system.
Here is the link to the 83-page document. Check out page 36, it will show you how “grandfathered” plans will react to ObamaCare.