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Forbes: White House Predicted in 2010 That 93 Million Would Lose Their Health Plans Under ObamaCare

October 31, 2013

To counter accusations that the President lied when he repeatedly told  Americans they can keep their health insurance plans if they liked them, the  administration has claimed that he was referring to the millions of people  covered by their employers.

An 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. And we now  know that the administration knew this all along. It turns out that in an  obscure report buried in a June 2010 edition of the Federal Register,  administration officials predicted massive disruption of the private insurance  market. […]

[T]he administration’s  commentary in the Federal Register did not only refer to the individual  market, but also the market for employer-sponsored health insurance.

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. According to the Congressional Budget Office, 156 million  Americans—more than half the population—was covered by employer-sponsored  insurance in 2013.

 

→ 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 that not only did Obama lie when he repeatedly told  Americans that they can keep their plans if they like them, he also lied in  Boston on Wednesday when he said he was referring to the majority of Americans  coverered by their employers.

Will media report this?

Stay tuned?

Noel Sheppard's picture By Noel Sheppard |  October 31, 2013 | 10:20

CREDIT TO:  NOEL SHEPPARD / FORBES / NEWS BUSTERS / DRUDGE REPORT

http://newsbusters.org/blogs/noel-sheppard/2013/10/31/forbes-obama-officials-predicted-2010-93-million-would-lose-health-pl?utm_medium=referral&utm_source=pulsenews#ixzz2jJGbh1b1

 

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