David R. Henderson  

It's Official: You Won't be Able to Keep Your Health Insurance

PRINT
Charter Cities vs. Anti-Foreig... Holding Universities Accountab...

On John Goodman's Health Policy Blog this morning, he cites the federal government's estimate of the percent of employers whose health insurance policies for their employees will not be grandfathered in under the new regulations. His table is quite striking.

Goodman labels it "Percent of Employees Who Will Not Be In Grandfathered Plans." It's actually, according to the Federal Register (p. 54), "Percent of Employers Relinquishing Grandfather Status." Either way, what's striking is how high the percent is. The Department of the Treasury, the Department of Labor, and the Department of Health and Human Services estimate that by 2013, 39% to 69% of employer plans will relinquish their grandfather status. Even for large employers, the estimated range is 34% to 64%.

Remember when Obama promised that if you like your health insurance, you can keep it? Well, Obama to America: Tough noogies.


Comments and Sharing





COMMENTS (5 to date)
Lord writes:

No one should get the idea they could have kept it without it though. It was going to go away one way or another.

David writes:

My (private) employer is taking the unprecedented step of moving us from one carrier to another mid-year. We were just notified yesterday that as of July we will be using another provider. We've been with our current provider for years, and I was fairly happy with it. I've never heard of changes to the plan mid-year, not to mention switching the whole company from one provider to another.

I want Obama to tell me why I can't keep my current health plan. After all, that is what he promised.

Aaron writes:

My employer is switching from a plan where we self insured, and had five or six different plan options with different administrators, to a single national insurer with two plan options. Much of the language is hinting at higher deductibles (they actually mention that we will better be able to identify the true cost of care, and manage our expenses accordingly). I'm not sure what the motivation is, other than cost control.

Andrew_M_Garland writes:

ObamaCare Will Reduce Wages

Fred:  I took this job because of the great healthcare plan, even though it paid less.
Mike:  So, be happy. Now you will get Obamacare, and you will be paid even less.
ObamaCare increases health insurance premiums and requires the employer to pay that increase. The employer pays this cost out of the production of the employee. So, the employer must offer a lower wage or fire the employee. The employee will likely blame the employer, not ObamaCare.
mulp writes:

[Comment removed pending confirmation of email address and for crude language. Email the webmaster@econlib.org to request restoring your comment privileges. A valid email address is required to post comments on EconLog.--Econlib Ed.]

Comments for this entry have been closed
Return to top