Obamacare: CBO estimates 4 million people will lose their healthcare benefits by 2016
While making the case for passing healthcare reform Barack Obama promised over and over again to all of those who were concerned about losing their current healthcare coverage that if you liked your insurance you would be able to keep it–you would be unaffected while millions of people who could not afford insurance would be able to get insurance.
Many of us tried to warn people that this simply was not going to be the case because Obamacare was designed to incentivize employers to drop healthcare coverage for their employees by making it much cheaper to pay a fine for not offering healthcare insurance than it would be in continuing it once the onslaught of new regulations began to take effect.
The goal of Obamacare has always been to drive the private insurers out of business by making it so expensive that people couldn’t afford their own insurance; this would drive up support for a single payer system and put our healthcare solely in the hands of the government. And it is working flawlessly.
The new regulations are just starting to be handed down by Kathleen Sebelius, and these regulations will necessarily mean that healthcare premiums will rise, and this is only the beginning as most regulations will not be decreed until after the 2012 election. But the effects will soon be felt: The CBO is now estimating that four million Americans will lose their employer provided healthcare policies by 2016.
If you are one of those four million Americans and you like your healthcare, well, you are out of luck.