Small Firms Dropping Health Coverage Because of ObamaCare

IBD reports:

When the ObamaCare debate was raging five years ago, advocates insisted that the law would have only a minimal impact on employer-provided health plans.

"A key goal of the bill," explained ObamaCare architect Jonathan Gruber, "was to leave those who are happy with their employer-sponsored insurance alone."

But a survey by Grand Valley State University in Grand Rapids, Mich., adds further evidence that this promise was completely bogus.

The survey focused on companies in the southwestern region of the state that have 50 or fewer full-time employees. Companies this size don't face the ObamaCare employer mandate, but were supposed to be helped by the law's ban on medical underwriting and the competitive small business insurance markets it promised to unleash.

The survey found the opposite. A quarter of firms that that had offered insurance to their employees last year were canceling their health plans this year, and another 25% said they planned to do so next year.

More telling is the fact that 68% of those dropping coverage this year are directing their employees to the Healthcare.gov website to buy coverage on their own.

The great moments of socialized medicine.