As Washington turns itself inside out over the debt-ceiling crisis, Obamacare and its implications loom down the road for a recession-weary nation.
The consulting firm McKinsey and Co. recently released a widely reported survey that said almost a third of private-sector employers will drop employee health insurance coverage when Obamcare’s government-managed insurance exchanges come online in 2014. The results shattered two key promises repeatedly made during last year’s health care debate by the Democratic majority:
“If you like your health plan, you can keep it,” and “It will not add one penny to the deficit.”
As expected, Obamacare enthusiasts condemned the report with predicted indignation. Nancy-Ann De Parle, White House deputy chief of staff for policy (catch your breath), labeled the results an “outlier” questioning the respondents and their familiarity with the massive 2700 page health care bill.
What amuses many who listened to that statement was the fact that many in Congress expressed their own frustration understanding the bill before actually voting on it.
Senator Max Baucus, (D-MT), sent McKinsey a threatening letter hinting legal action that demanded the firm reveal its methodology. New York Times ultra-liberal Paul Krugman called the survey a “skewed sample” with “no real data at all.”
Predictable responses from Obamacare allies who have never seen a similar survey favorable to their cause that they questioned or offered equal time for debate.
McKinsey is now answering these Obamacare apologists posting 29 pages of the survey questions, along with 206 pages of cross tabs. Having done all this at great expense, unreported responses discovered in the survey were even more damaging to Obamacare than original results. The follow-up research is indisputable to credible statisticians and professional pollsters.
The survey reached 1,329 employers in 48 states, excluding Vermont and North Dakota and represented every industry category and firms of all sizes. The respondents were clearly identified as each location’s primary decision-maker for health insurance benefits – titles ranging from head of procurement to CEO-president and vice president of compensation.
Contrary to White House accusations that decision-makers were more inclined to favor Obamacare when “further educated” in the bill’s contents, 58 percent said they would either definitely or probably drop employee care. Only 16 percent of the “best informed” said they were planning to keep their plans. Thirty percent were undecided.
What this all means is Obamacare will be vastly more expensive than the Congressional Budget Office initially claimed, to no one’s surprise that contested their figures. The CBO calculated Obamacare’s costs on the assumption only 7 percent of employers will drop their health plans.
If the percentage of businesses dropping their health care benefits is closer to 30 percent, as the McKinsey survey indicates, the price tag for Obamacare would rise by almost $1 trillion.
The word Obamacare advocates fear the most is unsustainable.
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