CBO: Obamacare Will Force 7 Million Off Private Insurance
In 2009, President Barack Obama promised Americans that Obamacare would not threaten citizens’ individual healthcare plans. “No matter what you’ve heard, if you like your doctor or healthcare plan you can keep it,” said Obama in 2009. “And everyone will have the stability and security that’s missing today.”
But according to new figures released Tuesday by the nonpartisan Congressional Budget Office (CBO), seven million Americans will soon be forced out of their employer-based insurance coverage, as businesses opt to simply pay the federal government’s penalty and forgo continuing to offer workers private health insurance.
Over the next 10 years, Obamacare will cost taxpayers an estimated $1.165 trillion.