Whatever Happened To “If You Like Your Coverage, You Can Keep It”? Part Two!
About a month and a half ago, I asked the question, whatever happened to, “if you like your coverage, you can keep it”? At that time, a study was showing that about 30% of employers were going to stop offering health care coverage because of ObamaCare.
Now comes yet another report that causes me to reiterate that question:
Among the most striking of NFIB’s findings was the number of employer health insurance plans that have been or will be eliminated since PPACA’s passage — 12 percent, or one in eight. Eliminating employer health care plans “is the first major consequence of PPACA that small-business owners likely feel,” the report said.
However, those plans are being replaced by new products. The number of small employers offering or not offering employee health insurance is likely to change little over the next 12 months, according to the report.
The NFIB study also found 20 percent of small employers expect to significantly change their benefit packages the next time they renew their health insurance plans. Almost all of them expected to see diminished benefits, increased employee costs, or both.
So, once again, if you like the plan you have, there’s a good chance you won’t be able to keep it unless ObamaCare is repealed. Not to mention what will happen if/when ObamaCare drives all the private health insurance companies into bankruptcy. Then you’ll get a one-size-fits-all government-issue health insurance package, and if it doesn’t cover what you need, tough, you have no other option.