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The ObamaCare Bad News Continues
Keywords:
The Affordable Care Act (Obama Health Care Law) and the increasing number of people who may lose employer coverage
06/16/2011
Under the Obama healthcare law (Obamacare) businesses can opt to pay a fine of $2000 instead of providing coverage. The people losing coverage are then put in an exchange where they can buy insurance, with those whose premiums are more than 9.5% of income receiving subsidies. The incentive for employers to pay the fine and dump workers on the exchange can put 11 million to 80 million additional people on the exchange. The cost of the Obama health care law would rise significantly as a result.
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The ObamaCare Bad News Continues
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