It's Official: You Won't be Able to Keep Your Health Insurance
By David Henderson
On John Goodman’s Health Policy Blog this morning, he cites the federal government’s estimate of the percent of employers whose health insurance policies for their employees will not be grandfathered in under the new regulations. His table is quite striking.
Goodman labels it “Percent of Employees Who Will Not Be In Grandfathered Plans.” It’s actually, according to the Federal Register (p. 54), “Percent of Employers Relinquishing Grandfather Status.” Either way, what’s striking is how high the percent is. The Department of the Treasury, the Department of Labor, and the Department of Health and Human Services estimate that by 2013, 39% to 69% of employer plans will relinquish their grandfather status. Even for large employers, the estimated range is 34% to 64%.
Remember when Obama promised that if you like your health insurance, you can keep it? Well, Obama to America: Tough noogies.