Grace-Marie Turner of the Galen Institute has a new article in The Wall Street Journal that explains how ObamaCare threatens people with the loss of their private health insurance.

Turner write that: "ObamaCare will lead to a dramatic decline in employer-provided health insurance—with as many as 78 million Americans forced to find other sources of coverage.  This disturbing finding is based on my calculations from a survey by McKinsey & Company. The survey, published this week in the McKinsey Quarterly, found that up to 50% of employers say they will definitely or probably pursue alternatives to their current health-insurance plan in the years after the Patient Protection and Affordable Care Act takes effect in 2014. An estimated 156 million non-elderly Americans get their coverage at work, according to the Employee Benefit Research Institute."  It turns out no matter how much you like your insurance you will likely not be able to keep it.

These figures demonstrate just how unaffordable ObamaCare is.  When Congress passed the law, CBO projected that 9 to 10 million people would receive ObamaCare's subsidies.  Turner notes that last year Douglas Holtz-Eakin wrote last year that 35 million more Americans would likely end up using the subsidies at a cost of $1 trillion more over the decade (or $100 billion more per year).  Turner's latest project a doubling of that number of people which would triple ObamaCare's cost.  Meaning that instead of costing $1 billion as originally projects, 70 million more people accepting subsidies could bring the cost of the bill to $3 trillion in a single decade.

Avik Roy at the Apothecary has also written about this study. He concurs with AHEC's concerns over the budget implications.  Roy writes: "The problem is that, under Obamacare, a huge chunk of the country will be eligible for government subsidies, if they buy insurance on their own. If more people attempt to take advantage of those subsidies than the government projects, and employers recognize they will save money by dumping their workers onto the federal dole, the Congressional Budget Office has underestimated Obamacare’s costs by trillions of dollars."

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