Keep Your Plan?
Submitted By Todd on June 12th at 5:38pm
It was an obvious lie, but coming from the mouth of Barack Obama, that wasn't a big surprise. Nobody would lose their current health plan, he promised, over and over, as a result of the passage of ObamaCare.
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.That's the word from a new analysis on the impact of health reform, done by the Obama Administration.
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.Sure doesn't sound like nothing will change for people who like their current plan, does it?
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.This is the same guy who promised, back when the country was melting into mahem, that we'd have all of our troops out of Iraq within 16 months of his inauguration - or next month. We have 95 thousand boots on the ground, not counting contract soldiers. So, no surprise.
In a statement, Posey said the document showed that the arguments in favor of ObamaCare were a "bait and switch." "The president promised repeatedly that people who like their current plans can keep them, but now the details of their plan actually confirm what many suspected all along, most Americans will lose their current health care plan," Posey said.The Obama administration defends the liar in chief.
A White House official told IBD: "This is a draft document, and we will be releasing the final regulation when it is complete. The president made a promise to the American people that if they liked their health care plan, they can keep it. The regulation, when finalized, will uphold that promise." However, the 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."The best part of the story is that the transparent administration meant to keep the document secret.
A House Republican staffer said the rumor was that the document had been erroneously posted on the Office of Management and Budget Web site earlier in the week and somebody spotted it before it was taken down. IBD has not been able to confirm this report.President Obama - changing the way Washington does business.