OBAMA LIED: Administration Knew in 2010 That Millions of Plans Would Be Cancelled
Today, once again, Barack Obama claimed he didn’t know that millions of Americans would lose their insurance when Obmaacare passed.
If you read the Affordable Care Act when it was passed, you knew that it was dishonest for President Obama to claim that “if you like your plan, you can keep your plan,” as he did—and continued to do—on at least 39 occasions. Forbes reported – we now know that the administration knew all along that millions of policies would be cancelled. It was the only way Obamacare could work. It turns out that in an obscure report buried in a June 2010 edition of the Federal Register, administration officials predicted massive disruption of the private insurance market.
In 2010 the administration expected 51% of all employer plans to be terminated as a result of Obamacare..
More from Forbes: Section 1251 of the Affordable Care Act contains what’s called a “grandfather” provision that, in theory, allows people to keep their existing plans if they like them. But subsequent regulations from the Obama administration interpreted that provision so narrowly as to prevent most plans from gaining this protection.
There’s no way Obama didn’t know this.