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Obamacare To Push 7M People Out of Their Job Covered Insurance, Employers Starting To Drop Kick Employee Coverage

President Obama’s health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.

CBO said that this year’s tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they’ll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.

Employers dropping employee health care coverage like Spartans.

 

 

3oo

 

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