Two new reports out yesterday continue to knock down President Obama’s promises about Obamacare: his “If you like your plan, you can keep it,” and the promise to significantly shrink the ranks of the uninsured.
According to a new study from consulting firm Deloitte, almost one of out of 10 employers said they are going to drop coverage for their employees because of Obamacare, while another 10 percent said they “remain unsure” about what they are going to do. As the vast majority of Americans have health insurance through their workplaces, this is a huge blow.
Yesterday the Congressional Budget Office (CBO) dealt another blow with its updated outlook on the health care law, as it attempted to integrate the Supreme Court’s ruling into its projections.
Although Obamacare spends more than $1 trillion to get people covered, CBO predicts it will still leave 30 million Americans uninsured, falling far short of what was promised.
CBO’s announcement said that Obamacare could cost less than originally projected—but the reason for the drop was that fewer people will be covered.
Even with the updated cost estimate, Heritage’s Kate Nix explains: “The law will now add $1.17 trillion in new government spending over 10 years—paid for by massive tax hikes on all Americans and robbing money from the Medicare program.“
Although President Obama campaigned on the dream of universal coverage, that remains simply a dream. In fact, each time the CBO has updated its projections, the number of uninsured under Obamacare increases. Nix breaks it down:
Since day one, it’s been clear that Obamacare will not achieve universal coverage, and every time CBO revisits the law, the numbers show just that. In March 2010, when the law passed, CBO predicted that there would be 22 million people still without insurance in 2019. In March 2012, the estimate increased to 27 million in 2022. Now, the number has once again increased—to 30 million. So Obamacare leaves just as many people uninsured as it covers.