Throwing Working Americans Under The Bus

This, incredibly, is the lead story over at Yahoo!Finance: "ObamaCare's Unintended Consequences: Throwing Working Americans Under The Bus."

Okay, that wasn't the exact headline; I paraphrased.

But here's the opening paragraphs:

Obamacare is meant to provide health coverage to the millions of Americans who don't have it, but the cruel irony is that millions of other Americans may lose their current health insurance as a result.

These "losers" are primarily people who buy their own health insurance rather than have it provided by an employer. Many now find their plans will be canceled because they fail to meet the minimum coverage requirements under Obamacare. These plans offer "bare bones insurance...usually catastrophic care...and beginning Jan. 1 insurance companies will not be allowed to offer these very plans," says Rick Newman, Yahoo Finance columnist.

"Obama did not tell us this was coming," adds Newman, "and now the White House is saying it's only 5% of the U.S. population. But it's 15 million people we're talking about here."

No one knows for sure exactly how many of those 15 million will actually lose their current insurance coverage. NPR reports that some insurers are canceling 20% of individual plans; others are canceling 80% of them.

Interestingly, the video has been pulled, as in removed. 

Much more at the link.

What makes this so incredible, is that just a few minutes ago, I posted a long "original" post that complements this story very, very nicely.