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Keep Your Insurance? Not Everyone

From FactCheck.org

Obama's claim depends on what employers would likely do under several legislative scenarios.

August 18, 2009

Summary

President Obama has repeatedly said that under the health care overhaul efforts in Congress, "if you like your health care plan, you keep your health care plan." But he can’t make that promise to everyone.

  • In fact, under the House bill, some employers might have to modify plans after a five-year grace period if they don’t meet minimum benefits standards.
     
  • Furthermore, some firms are likely to buy different coverage for their workers than they have now, or simply drop coverage and pay a penalty instead, leaving workers to buy their own private coverage or go on a new federal insurance plan.

The legislation is a moving target, and projections of how many employees would be switched to a federal plan are wide-ranging – from near zero to a high of 56 percent of all covered workers under the most extreme assumptions. We sort through several scenarios.

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