Fewer Americans Will be Insured Under ObamaCare Than Originally Thought
Updated: Friday, August 2 2013, 10:14 PM EDT
A new Congressional
analysis of ObamaCare says fewer Americans will be insured under the
plan than first thought because the Supreme Court tossed out a piece of
the "Affordable Healthcare Act." However, this change could end up
saving states a lot of money.
Under the original bill, states
would have been required to vastly expand Medicaid, which is health care
provided to the poor, but the Supreme Court threw out that part of the
law. Now it appears that many states won't expand Medicaid after all. As
a result, about three million fewer people than originally projected
will have that kind of coverage.
The expansion was a big part of
how the president had planned to fund his health care law. Those people
will now have to turn the newly created exchanges to purchase a plan
and those plans will be heavily subsidized with federal tax dollars.
fact, it is estimated that Obamacare will cost tax payers about one
trillion dollars over the next decade. It will cost businesses about
four billion and consumers about one and a half billion because the rest
will likely see our costs go up.
Another new study by Deloitte
predicts that about ten percent of America's top employers may drop
health coverage when the new law goes into effect.