Wednesday, July 27, 2011

One in Eight Small Business Employees Will Lose Health Insurance Because of Obamacare

But...but...President Obama promised you could keep your health insurance plan if you like your plan.

Daily Caller reports:
Among the most striking of NFIB’s findings was the number of employer health insurance plans that have been or will be eliminated since PPACA’s passage — 12 percent, or one in eight. Eliminating employer health care plans “is the first major consequence of PPACA that small-business owners likely feel,” the report said.

However, those plans are being replaced by new products. The number of small employers offering or not offering employee health insurance is likely to change little over the next 12 months, according to the report.

Still, the NFIB said the amount of change in plans was out of the ordinary.

“We are not aware of any data suggesting we’ve had turnover anywhere near this level in the past,” said William J. Dennis, a senior research fellow at the National Federation for Independent Business.

The NFIB study also found 20 percent of small employers expect to significantly change their benefit packages the next time they renew their health insurance plans. Almost all of them expected to see diminished benefits, increased employee costs, or both.

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