Obamacare Could Spark 2nd Wave of Cancellations

Ad Feedback

Obamacare may lead to between 50 million and 100 million insurance cancellations for American employees next fall, according to an analysis by the conservative American Enterprise Institute.
    
The AEI report showed that many employees will find their policies have been cancelled because they don't meet the new requirements.

Under the Affordable Care Act, businesses with fewer than 50 workers are not obliged to provide health insurance. But those that do must meet the new health law's requirements.

"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 News.

"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," he said.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.