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.

Not true.

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.

Three years ago, on June 17, 2010, the federal government released estimates on the number of employer plans that would be cancelled due to Obamacare.
Via Powerline:

obamacare cut plans

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.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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