Leaked Treasury Docs Reveal Health-Care Grab

NEWSBUSTERS has an excellent article on what the press ignored and what economists and other pundits and personalities said would happen. Businesses will drop their health coverage automatically or by coercion. (See the PDF at CATO INSTITUTE)

Earlier this year, in his “Can we lose health coverage? Yes we can” column, syndicated columnist Deroy Murdock made a point asserted in dozens if not hundreds of columns and reports during the hide-and-seek legistlative process that ultimately led to the passage of what is commonly known as ObamaCare: The President’s core promise relating to the statist health care legislation that ultimately became law in March — namely that “If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what” — could not and would not be kept.In that column, Murdock quoted Cato Institute analyst Michael Cannon as follows:

“Obama’s definition of ‘meaningful’ coverage could eliminate the health plans that now cover as many as half of the 159 million Americans with employer-sponsored insurance, plus more than half of the roughly 18 million Americans in the individual market. … This could compel close to 90 million Americans to switch to more comprehensive health plans with higher premiums, whether they value the added coverage or not.”

In a late Friday afternoon blog post followed by a fuller early evening report, David Hogberg and Sean Higgins at Investors Business Daily confirmed that Obama’s never-credible core promise is on the brink of being shattered, and that the employer-related calculations by Cato’s Cannon were essentially correct (see graphic illustration by IBD above ):

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.

Draft copies of the document were reportedly leaked to House Republicans during the week and began circulating Friday morning. Rep. Bill Posey, R-Fla., posted it on his Web site Friday afternoon.

In a statement, Posey said the document showed that the arguments in favor of ObamaCare were a “bait and switch.”

(A White House) source conceded: “It is difficult to predict how plans and employers will behave in the coming years, but if plans make changes that negatively impact consumers, then they will lose their grandfather status.”

In total, 66% of small businesses and 47% of large businesses made a change in their health care plans last year that would have forfeited their grandfathered status.

….The Associated Press has noticed the story too, but with the weakest of headlines: “Health overhaul to force changes in employer plans.” The content isn’t much better. Earth to AP reporter Ricardo Alonso-Zaldivar: ObamaCare, as predicted by so many during the previous year by experts most of the establishment press willfully ignored, will cause many employers to drop their insurance entirely.

…(read more)…

Do the American people know what they are in for? Probably not, as they vote people in during primaries like ALVIN GREENE.