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AP: White House lied, still lying, about Health Care bill.

The White House promised, and is still claiming, that Socialized Health care will not affect employer provided coverage. This is rapidly being proven false. A taxpayer financed leviathan is poised to replace employer provided coverage.

Employers who provide the most generous coverage to their employees will be slapped with a huge new tax on the coverage in 2018. Making it impossible for employers to compete with socialist taxpayer-subsidized coverage.

150 million workers and their families are covered by employer provided coverage. Obama claimed socialized health care will not significantly affect that coverage. They claimed America would see a mere 2% drop in employer provided coverage. In reality, socialized health care could wipe out the vast majority of employer provided health care coverage!

From AP…

The new health care law wasn’t supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations.

But last week, a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health care by shifting workers into taxpayer- subsidized insurance markets that open in 2014.

While it’s too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes.

“The economics of dropping existing coverage is about to become very attractive to many employers, both public and private,” said Gov. Phil Bredesen, D-Tenn.

That’s just not going to happen, White House officials say.

“The absolute certainty about the Affordable Care Act is that for many, many employers who cover millions of people, it increases the incentives for them to offer coverage,” said Jason Furman, an economic adviser to President Barack Obama.

Yet at least one major employer has shifted a greater share of plan costs to workers, and others are weighing the pros and cons of eventually forcing employees to strike out on their own.

“I don’t think you are going to hear anybody publicly say ‘We’ve made a decision to drop insurance,’ ” said Paul Keckley, executive director of the Deloitte Center for Health Solutions, an accounting and consulting firm. “What we are hearing in our meetings is, ‘We don’t want to be the first one to drop benefits, but we would be the fast second.’ ”

Employer health benefits have been a middle-class mainstay since World War II, when companies were encouraged to offer health insurance instead of pay raises. About 150 million workers and family members now are covered.

When lawmakers debated the legislation, the nonpartisan Congressional Budget Office projected it would have minimal impact on employer plans. About 3 million fewer people would be covered through the job, but they’d be able to get insurance elsewhere.

Two provisions in the new law are leading companies to look at their plans in a different light.

One is a hefty tax on high-cost health insurance aimed at the most generous coverage. Although the “Cadillac tax” doesn’t hit until 2018, companies might have to disclose their exposure to investors well before that. A Boeing spokeswoman said concerns about the tax were partly behind a 50 percent increase in insurance deductibles just announced — Boeing’s workforce in North Charleston is not affected, the company said last week.