20 million could lose employer coverage but it could increase employer covered by 3 million.<quoted text>
CBO report says healthcare law could cause as many as 20M to lose coverage
By Julian Pecquet - 03/15/12 12:02 PM ET
As many as 20 million Americans could lose their employer-provided coverage because of President Obama's healthcare reform law, the nonpartisan Congressional Budget Office said in a new report Thursday.
The figure represents the worst-case scenario, CBO says, and the law could just as well increase the number of people with employer-based coverage by 3 million in 2019.
The best estimate, subject to a "tremendous amount of uncertainty," is that about 3 million to 5 million fewer people will obtain coverage through their employer each year from 2019 through 2022.
The new report adds more detail to this week's update of the law's coverage provisions, which CBO released Tuesday. Compared to a year ago, the law is now anticipated to cover 2 million fewer people but cost $50 billion less over 10 years, after factoring penalties paid by individuals and businesses that don't get or provide healthcare coverage.
Now if DumBama didn't believe Commie Care would cause loss of jobs, why then hand out 1,400 waivers of the bill to businesses until after election? Hmmm.
What possible conclusion can be reached by that?