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How Many Employers Will Drop Health Coverage Under ObamaCare?
When the CBO estimated how many individuals would end up shifting away from their current employer-sponsored health care coverage under the PPACA, it found that 3 million workers would likely lose their current coverage. But it's increasingly looking like that estimate could be low: A number of big employers are already considering dropping employee coverage, and a new study from former Congressional Budget Office director Douglas Holtz-Eakin and Cameron Smith suggests that, depending on the details of the insurance employers currently offer, the number could be far higher. According to their analysis, the law "provides strong incentives for employers–with the agreement of their employees–to drop employer-sponsored health insurance for as many as 35 million Americans." If that happened, it would raise the bill's cost from about a trillion dollars to an estimated $1.4 over the first decade....