In 2014, millions of Americans -- possibly 25-30 million -- who have employer-provided health insurance will 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 costly plans expire sometime this year. These new victims of Obamacare are in addition to the 6 million who bought plans in the individual market and had them canceled as of January 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 coming wave of workplace cancellations will force Democrats to defend a law that will likely harm twice as many people as it helps.
That’s right. Twice as many probably 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.