Obamacare: Employers to Cancel Plans for Millions, Shift Costs to Workers
As the fallout continues over the cancelation notices sent to millions of people covered by health plans in the individual insurance market, it is becoming clear that millions more workers and their families are expected to lose their employer-based coverage as the Affordable Care Act is implemented.According to the Congressional Budget Office (CBO), 156 million Americans—more than half the population—currently receive employer-sponsored health insurance. By 2016, the CBO projects that 6 million fewer people will receive employer-based health insurance compared to 2013.
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