“If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.” – Barack Obama, July 2009
President Obama famously promised Americans that if they liked their health care plan they could keep it, but a new report from the Congressional Budget Office estimates that 7 million Americans will lose employer-based insurance as a result of his national health care law.
“In 2022, by CBO and JCT’s estimate, 7 million fewer people will have employment-based health insurance as a result of the Affordable Care Act,” the CBO announced in its new budget outlook released on Tuesday. This is up from an estimate of 4 million last August, mostly reflecting the effects of tax changes.