Ten times more Americans than first estimated will lose employer-based health insurance under Obamacare: CBO
By Rick Moran
The latest data on Obamacare analyzed by the Congressional Budget Office shows that 10 million Americans are likely to lose their employer-based insurance by 2021 as companies dump their workers onto the Obamacare exchanges. That’s 10 times the number originally projected by the CBO. About 1 of every 16 workers will be affected.
The latest CBO report has not garnered a lot of attention, even though it contains the modestly good news that Obamacare is not costing as much as the CBO thought it would in 2010. That said, another reason the left and the administration may not be touting this news is that the report also says that after a decade of Obamacare, there will still be 31 million people without health insurance – a number that has gone up every year the CBO has issued a report.