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CBO: Millions Could Lose Employer-Provided Health Coverage Due to Obamacare

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By Doug Powers  •  March 15, 2012 02:52 PM

**Written by Doug Powers

The “we have to pass it to find out what’s in it” express keeps chugging along:

As many as 20 million Americans could lose their employer-provided coverage because of President Obama’s healthcare reform law, the nonpartisan Congressional Budget Office said in a new report Thursday.

The figure represents the worst-case scenario, CBO says, and the law could just as well increase the number of people with employer-based coverage by 3 million in 2019.

The best estimate, subject to a “tremendous amount of uncertainty,” is that about 3 million to 5 million fewer people will obtain coverage through their employer each year from 2019 through 2022.

Remember this?

Earlier in the week the CBO found that the “Affordable Care Act” is going to make health care so affordable that it will cost at least twice as much as originally advertised:

The Congressional Budget Office has extended its cost estimates for President Obama’s health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive — twice as much as the original $900 billion price tag.

In a largely overlooked segment of the CBO’s update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022.

That only counts the cost of coverage, not implementation costs and other changes.

**Written by Doug Powers

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