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.
- 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.