Tuesday, June 8, 2010
Quote of the Day
"One of the major selling points of ObamaCare was the president’s oft-repeated promise that if you liked the coverage you have now, you would get to keep it. Politicoreports today that many people in part-time jobs may lose their coverage. Why? Because the unintended consequences of ObamaCare will likely make limited-benefit plans or “mini-med plans” illegal.
A coalition of trade associations, including the National Restaurant Association, the National Retail Federation and U.S. Chamber of Commerce, are asking the administration to exempt the plans for now. But if the White House doesn’t act, nearly one and a half million people may lose their coverage in September. But wait…there’s more.
ObamaCare is also costing jobs. nHealth of Richmond, Virginia, recently informed its employees and sales agents that the company was shutting down. Why? Because of ObamaCare. Here’s an excerpt from the company’s letter: “As I’m sure you are aware, the new federal healthcare legislation has created considerable uncertainties in the market for health insurance. …the uncertainties in the regulatory climate coupled with new demands imposed by national healthcare reforms have made it challenging … to remain viable over the long run.”
The letter went on to say that it would terminate all contracts by the end of the year. So not only are nHealth employees out of work, but nHealth customers are losing their insurance coverage too. Two other companies also recently announced that they would not sell policies as of June 30th."
Campaign for Working Families