Thursday, June 9, 2011

Americans Will Suffer Under New Obamacare Mandates

Heritage  "Many businesses affected by Obamacare—those not lucky enough to receive the coveted waivers—now view their slimming insurance options with extreme caution.
"A shocking new study out by McKinsey and Company finds that 30–50 percent of employers who currently provide health insurance for their employees are likely to drop their coverage. Yes, that’s right. Even if you like your insurance, you will not be able to keep it, as President Obama often and famously promised.
"Obamacare offers subsidies to low- and middle-income workers who don’t have employer coverage while fining employers that do not offer coverage. But for employers, paying the fines will be a lot less expensive than continuing to offer coverage."

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