ObamaCare Hurts Employer-Sponsored Health Plans

By:  Brian Koenig
08/30/2011
       
ObamaCare Hurts Employer-Sponsored Health Plans

In June 2009, President Obama addressed the American Medical Association to promote his national healthcare bill, as he declared a seemingly forthright promise to the American people: "No matter how we reform health care, we will keep this promise to the American people. If you like your doctor, you will be able to keep your doctor, period. If you like your health care plan, you’ll be able to keep your health care plan, period. No one will take it away, no matter what," he vowed.

But as the law develops and stipulations of its contents unfold, ObamaCare opponents are challenging the President’s June 2009 declaration. Indeed, certain provisions in the law will stoke the very fears individuals with employer-based health insurance hold: they will lose their existing health plan and be dumped into the federal exchanges — an insurance "marketplace" subsidized by the federal government.

In June 2009, President Obama addressed the American Medical Association to promote his national healthcare bill, as he declared a seemingly forthright promise to the American people: "No matter how we reform health care, we will keep this promise to the American people. If you like your doctor, you will be able to keep your doctor, period. If you like your health care plan, you’ll be able to keep your health care plan, period. No one will take it away, no matter what," he vowed.

But as the law develops and stipulations of its contents unfold, ObamaCare opponents are challenging the President’s June 2009 declaration. Indeed, certain provisions in the law will stoke the very fears individuals with employer-based health insurance hold: they will lose their existing health plan and be dumped into the federal exchanges — an insurance "marketplace" subsidized by the federal government.

In debating the "individual freedom" aspect that so many congressional Democrats touted during the bill’s early phases, Republicans and business leaders questioned the fines levied against businesses that fail to offer coverage to their employees. But come to find out, the fines are significantly lower than they expected.

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