According to that bastion of right-wing thinking – the Washington Post – President Obama’s Bin Laden bounce is gone, his approval is ‘upside down’, and 6 of 10 people think things are on the wrong track …
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Archive for June 8th, 2011
O’s under water … again
June 8, 2011McKinsey: 78 million Americans could lose employer health coverage … thanks, ObamaCare.
June 8, 2011Punch line: ObamaCare will lead to a dramatic decline in employer-provided health insurance—with as many as 78 million Americans forced to find other sources of coverage.
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Currently, 156 million non-elderly Americans get their coverage at work.
Before ObamaCare passed, the CBO estimated that only 9 million to 10 million people, or about 7% of employees who currently get health insurance at work, would switch to government-subsidized insurance.
A new study by McKinsey – reported in the WSJ — suggests that ObamaCare will lead to a “radical restructuring” of job-based health coverage with as many as 78 million Americans could lose employer health coverage.
The McKinsey study, “How US health care reform will affect employee benefits,” predicts that employers will either drop coverage altogether, offer defined contributions for insurance, or offer coverage only to certain employees.
Up to 50% of employers say they will definitely or probably pursue alternatives to their current health-insurance plan when ObamaCare takes effect in 2014.
And, “something in the range of 80 million to 100 million individuals are going to change coverage categories in the two years” after the insurance mandates take effect in 2014.
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The Homa Files 