As millions of Americans in the individual health insurance market place continue to lose their coverage, analysts are looking ahead at the fallout we can expect to see when the employer mandate goes into effect in 2015. We’ve already seen employers and companies dropping health coverage altogether and cutting full-time workers to part time in order to avoid massive health insurance costs but now, Forbes reveals that was just the beginning.
Mid-range estimate: 51% of employer-sponsored plans will get canceled
It turns out that in an obscure report buried in a June 2010 edition of the Federal Register, administration officials predicted massive disruption of the private insurance market.
the administration’s commentary in the Federal Register did not only refer to the individual market, but also the market for employer-sponsored health insurance.