Essentially, employers are being forced to drop their coverage in order to remain profitable.
Americans Will Suffer Under New Obamacare Mandates
It’s easy to see why Obamacare’s unpopularity grows substantially with every new detail that comes out. As former House Speaker Nancy Pelosi (D–CA) infamously noted, we had to pass the bill to find out what was in it. Well, now we know.
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.
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
