In 2014, 25 million to 30 million Americans who have employer-provided health insurance are likely to lose it, thanks to ObamaCare’s requirement that all plans cover what Washington deems “essential benefits.”
Some employers will consider that unaffordable and drop coverage altogether, when their current, less-expensive plans expire over the course of the year. These 25 million to 30 million are in addition to 6 million who bought plans in the individual market and had them canceled by Jan. 1.
The plight of those 6 million made headline news and caused the first cracks in the Democratic Party’s support for the law. The bigger wave of workplace cancellations will force Democrats seeking re-election this fall to defend a law that harms twice as many people as it helps.
That’s right: At least twice as many will lose coverage in 2014 as will gain it.
The Congressional Budget Office projects 16 million will gain coverage through the law’s Medicaid expansion and subsidized exchange plans. That’s a best-case scenario, rosier than the enrollment figures we’ve seen so far, but still half the number losing coverage.