Home > News > Obama Lied (Again): Leaked Draft Treasury Docs Show Most CANNOT Keep Their Existing Health Care.

Obama Lied (Again): Leaked Draft Treasury Docs Show Most CANNOT Keep Their Existing Health Care.

ObamaCareSymbolOK.  If you are shocked by this, please leave this site and go sit in a closet or something.  No Conservative or even slightly intelligent person EVER believed his crap.

In a late Friday afternoon blog post followed by a fuller early evening report, David Hogberg and Sean Higgins at Investors Business Daily confirmed that Obama’s never-credible core promise is on the brink of being shattered, and that the employer-related calculations by Cato’s Cannon were essentially correct (graphically illustrated by IBD at the top right):

Internal administration documents reveal that up to 51% of employers may have to relinquish their current health care coverage because of ObamaCare.

Small firms will be even likelier to lose existing plans.

The "midrange estimate is that 66% of small employer plans and 45% of large employer plans will relinquish their grandfathered status by the end of 2013," according to the document.

In the worst-case scenario, 69% of employers — 80% of smaller firms — would lose that status, exposing them to far more provisions under the new health law.

…. The 83-page document, a joint project of the departments of Health and Human Services, Labor and the IRS, examines the effects that ObamaCare’s regulations would have on existing, or "grandfathered," employer-based health care plans.

Draft copies of the document were reportedly leaked to House Republicans during the week and began circulating Friday morning. Rep. Bill Posey, R-Fla., posted it on his Web site Friday afternoon.

… In a statement, Posey said the document showed that the arguments in favor of ObamaCare were a "bait and switch."

… (A White House) source conceded: "It is difficult to predict how plans and employers will behave in the coming years, but if plans make changes that negatively impact consumers, then they will lose their grandfather status."

In total, 66% of small businesses and 47% of large businesses made a change in their health care plans last year that would have forfeited their grandfathered status.

Leaked Draft Treasury Docs: Majority of Employer Health Plans Won’t Be ‘Grandfathered’ | NewsBusters.org

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