'If You Like Your Health Care Plan, You'll Be Able to Keep Your Health Care Plan, Period.'
Or not. As Byron York reports over at the Examiner:
So when it takes effect in 2014, the law will give employers a choice: Continue to offer increasingly expensive health coverage, or pay a relatively small fine, save a lot of money, and let employees buy their own subsidized coverage on the exchange. The incentive seems pretty clear.
Now, it should surprise no one that more and more companies are exploring the possibility of dropping their employee health coverage in 2014. A new study from the benefits-consulting firm Towers Watson finds that nearly 10 percent of midsized to large companies are seriously considering doing just that, and another 20 percent are thinking about it. Still others don't know. "Many are uncertain how they will respond to the looming impact of state-based insurance exchanges in 2014," says Towers Watson.
How many companies will actually drop their employee coverage? It's impossible to say. But from the latest surveys -- the Towers Watson report is just one of several that have found employers contemplating the move -- it's safe to say that some will, and more could follow.
President Obama had made a clear, unequivocal pledge to the contrary and he said that people would be able to keep their health care no matter what. "No matter how we reform health care, we will keep this promise to the American people," he said. Funny how things change.