Almost 80 million people could see their health plans nixed as the Obamacare train-wreck rolls on. Fox News is reporting several experts are making the prediction:
Their losses would be in addition to the millions who found their individual coverage cancelled for the same reason. Stan Veuger of the American Enterprise Institute said that in addition to the individual cancellations, "at least half the people on employer plans would by 2014 start losing plans as well." There are approximately 157 million employer health care policy holders.
Avik Roy of the Manhattan Institute added, "the administration estimated that approximately 78 million Americans with employer sponsored insurance would lose their existing coverage due to the Affordable Care Act."
As much as they feign shock, this comes as no surprise to the Obama Administration who knew about these probable cancellations. The Federal Register's 2010 mid-range estimate said 76 percent of small group plans and 55 percent of large employer plans would be axed by 2014.