Millions of people will lose their employer based health insurance under Obamacare:
During an appearance on CNN, Rep. Michele Bachmann (R-Minn.) made the following claim to Wolf Blitzer: “We know now the estimates from the government that about 30 million people are going to be cut off their employer health insurance because of Obamacare.”
We asked Ms. Bachmann’s office for clarification after her appearance. Her office sent us a link to this story in The Hill newspaper.
The story, which is more than a year old, cites a Congressional Budget Office study that estimates that as many as 20 million workers could lose their employer-based health insurance by 2019 because of Obamacare. But, the study goes on to say that this is the worst case scenario the CBO has looked at, and that it is equally possible that the number of people on company-based plans might increase by 3 million over that time period because of the new health care law.
A more recent study by the Stanford School of Medicine and published this week estimate that 37 million people may dump their employer-based coverage and buy insurance on the Obamacare exchanges because they could get a better deal.