Seven Million Will Lose Health Insurance Under Obamacare

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Seven Million Will Lose Health Insurance Under Obamacare


President Obama's health care plan will push nearly 7 million people out of their employer-provided health insurance coverage -- nearly twice the previous estimate, according to a new report from the Congressional Budget Office, the Washington Times reports. The CBO said this year's tax cuts had changed the incentives for businesses, making it less attractive to pay for insurance. More businesses will instead choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade. Overall, the new health provisions are expected to cost the government $1.165 trillion over the next decade.

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