Like sludge oozing from a toxic waste dump, the predicted consequences of Obamacare are seeping out.
A whopping 83% of U.S. physicians have considered leaving their practices over Obamacare, according to a survey released by the Doctor Patient Medical Association (DPMA).
Paige Winfield Cunningham reports for The Washington Times, July 24, 2012, that according to a just-released survey by Deloitte consulting company, about one in 10 employers plan to drop health coverage when key provisions of Obamacare kick in less than two years from now.
The Wall Street Journal reports that:
- 9% of companies said they expect to stop offering coverage to their workers in the next one to three years.
- 81% said they would continue providing benefits.
- 10% said they weren’t sure.
- A third said they could stop offering coverage if the law requires them to provide more generous benefits than they do now, if a tax on high-cost plans takes effect in 2018 as scheduled, or if they decide it would be cheaper for them to pay the penalty for not providing insurance.
The companies said a lot will depend on how future provisions of the law unfold, since most of the key parts are scheduled to take effect in 2014 — after the November 2012 presidential elections.
While small business don’t face fines for failing to offer coverage, companies with 50 or more full time employees do face a penalty starting at $2,000 per worker.
Deloitte conducted the study between February and April — before the Supreme Court upheld most of the law — and surveyed corporate and human-resources executives from 560 companies currently offering benefits.
In contrast, the Congressional Budget Office has estimated that around 7% of workers could lose coverage under the law by 2019.