Photo Credit: ReutersPresident Obama’s simple line “If you like your current health plan you can keep it” is haunting him amidst reports that 3.5 million Americans who purchase health plans on their own, in the “individual” market, have lost that coverage as a result of Obamacare.
Very soon, small businesses will be faced with a similar fate.
They will also see their health plans canceled as a result of Obamacare.
Small businesses, with fewer than 50 employees, are not forced to provide coverage under Obamacare.
But when they do, policies sold in the small group market are subject to the same regulations now forcing the termination of millions of health plans sold directly to consumers.
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