Per the CBO nearly 7 million could lose their employer based health insurance under “Ryancare.” Wasn’t that the fear when Obamacare was being discussed, employers dropping their plans so employees can go on that plan – PB/TK
Employer-Backed Insurance Could Take a Huge Hit from GOP Healthcare Plan –
The Republican healthcare plan could signal the beginning of the end for employer-based healthcare insurance, a perk that millions of Americans take for granted.
Roughly half of Americans were covered by employer-sponsored health plans in 2015, according to the Kaiser Family Foundation. But that could change, according to the Congressional Budget Office’s report on the GOP’s American Health Care Plan.
Lawmakers and regular Americans digesting the findings of the report have focused on the big numbers: 24 million fewer insured and $337 billion in savings over the next decade. But a potentially more troubling sign comes from a comparatively smaller number: 7 million, the number of people the CBO estimates will drop off the roles of employer-sponsored health insurance over the next decade.
More and More Employers Would Stop Offering Coverage
Even defenders of the agency’s assessment of health care reform acknowledge that it had a big miss estimating the number of participants in the Affordable Care Act. One reason for the miss is that employers didn’t drop health care benefits to the extent the CBO estimated.
Things could be different this time around.
“Part of that net reduction in employment-based coverage would occur because fewer employees would take up the offer of such coverage in the absence of the individual mandate penalties,” the CBO report says. “[O]ver time, fewer employers would offer health insurance to their workers.”
Continue to nbcnews.com article: http://www.nbcnews.com/business/consumer/employer-backed-insurance-could-take-huge-hit-gop-healthcare-plan-n734951
