In 2014, 25 to 30 million Americans with 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 this unaffordable, so after their current lower-cost plans expire over the course of the year, they’ll drop coverage altogether.
These 25 to 30 million are in addition to 6 million who bought plans in the individual market and had them canceled by Jan. 1. The plights of these 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 reelection 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.