ObamaCare’s Employer Mandate Means Less, Not More, Employer-based Health Insurance

By:  Michael Tennant
05/07/2012
       
ObamaCare’s Employer Mandate Means Less, Not More, Employer-based Health Insurance

According to a new report from the House Ways and Means Committee, ObamaCare — and especially the employer mandate — will actually give employers a huge incentive to stop offering health insurance benefits to their employees.

 

According to a new report from the House Ways and Means Committee, ObamaCare — and especially the employer mandate — will actually give employers a huge incentive to stop offering health insurance benefits to their employees.

Those who suspect that the real purpose of ObamaCare is to drive everyone into a single-payer, government-run health insurance scheme may be onto something. A new report from the House Ways and Means Committee finds that 71 of the top 100 companies in America would benefit financially by dropping health insurance coverage for their employees, thereby forcing them to purchase such coverage through government-run exchanges, where they might also obtain premium subsidies at taxpayer expense.

“Broken Promise: Why ObamaCare Will Force Americans to Lose the Health Care Coverage They Have and Like” paints a grim picture of a future in which, notwithstanding President Barack Obama’s promises to the contrary, Americans will be forced out of health plans that they like and into those deemed acceptable by Washington bureaucrats.

The report is based on a confidential survey of Fortune 100 companies conducted by Ways and Means Committee Chairman Dave Camp (R-Mich.). The survey asked how many employees each company had, how much the company was spending on health benefits, how many people were covered, and how fast healthcare spending had increased over the past five years. The only speculative question on the survey concerned expected future rates of health spending growth, the answers to which were not encouraging. Seventy-one of the Fortune 100 companies responded to the survey.

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