As many as 100 million Americans could lose their health insurance through their employers next fall because the plans do not meet the standards of Obamacare, a study released on Wednesday by the American Enterprise Institute estimated.
Affecting mostly employees of small businesses, these cancellations would be in addition to the nearly five million Americans who have already lost their coverage since Obamacare’s individual mandate took effect on Oct. 1, Fox News reports.
“The impact I’m mostly worried about is on small, young, entrepreneurial firms that will suddenly face much higher health insurance premiums if they want to offer health insurance to their employees,” AEI resident scholar Stan Veuger told Fox. “I think for a lot of other businesses . . . they can just send their employees to the exchanges or offer them a fixed subsidy every month to buy health insurance themselves.”
According to an analysis of estimates by the Obama administration by the conservative think tank, employees at half to two-thirds of the nation’s small companies could lose their healthcare plans, and the cancellations would fall just before next year’s congressional elections.
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