Friday, November 01, 2013

Mid-range estimate: 51% of employer-sponsored plans will get canceled



I WILL USE CASS SUNSTEIN 
TO GRIND THE SERFS TO DUST

From Ace:

But Carney’s dismissal of the media’s concerns was wrong, on several fronts. [This refers to Carney's, get this, false characterization of a Federal Register estimate as only concerning individual market policies. -- ace.] Contrary to the reporting of NBC, the administration’s commentary in the Federal Register did not only refer to the individual market, but also the market for employer-sponsored health insurance. 
Section 1251 of the Affordable Care Act contains what’s called a “grandfather” provision that, in theory, allows people to keep their existing plans if they like them. But subsequent regulations from the Obama administration interpreted that provision so narrowly as to prevent most plans from gaining this protection. 
“The Departments’ mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013,” wrote the administration on page 34,552 of the Register. All in all, more than half of employer-sponsored plans will lose their “grandfather status” and get canceled. According to the Congressional Budget Office, 156 million Americans—more than half the population—was covered by employer-sponsored insurance in 2013. 
Another 25 million people, according to the CBO, have “nongroup and other” forms of insurance; that is to say, they participate in the market for individually-purchased insurance. In this market, the administration projected that “40 to 67 percent” of individually-purchased plans would lose their Obamacare-sanctioned “grandfather status” and get canceled.... 
How many people are exposed to these problems? 60 percent of Americans have private-sector health insurance—precisely the number that Jay Carney dismissed. As to the number of people facing cancellations, 51 percent of the employer-based market plus 53.5 percent of the non-group market (the middle of the administration’s range) amounts to 93 million Americans.

Administrator of the Office of 
Information and Regulatory Affairs
2009-2012

10 comments:

Always On Watch said...

How many Obama supporters will be drastically affected by this tsunami?

Ciccio said...

I wrote about the Federal register a week ago, good that you are finally reading it. Get to the part yet where the secretary can seize - without court order - the assets of any plan he does not think good enough ?

Epaminondas said...

'We judge want to nudge people in the right direction'
No one is pointing a gun.
You can just pay the 'tax'

Pastorius said...

Ciccio, you wrote about it where?

If you wrote about it in a comment, and I missed it, sorry. Could you please provide me with the information again?

Ciccio said...

I left it right here. Just about the only blog I comment on, I am paranoid and would not go near facebook or any other social media site and most want some sort of affiliation. It is under Erisa section 521, Federal register 76FR 76235. I have another cryptic note the source or meaning of which I have since forgotten, 2013-048623.

Pastorius said...

Hey Liberalman, your pussy smells.

This post has nothing to do with hospitals, dumbfuck.

Pastorius said...

By the way, I erased the dumbfuck's post, because it smelled like smelt.

Always On Watch said...

Pasto,
He came trolling over here because I linked to your post. Sorry!

Pastorius said...

Why is he commenting on hospitals? Is he like Sieruk, where he just comments on whatever he feels like commenting on, without regard to the post?

Always On Watch said...

He's worse than Sieruk.

He's drowning in the Kool Aid.