Evidence continues to mount that President Obama had his fingers crossed behind his back when he uttered those now-famous words, “If you like your health care plan, you can keep your health care plan.” A new survey by McKinsey & Company is the latest indication that this simply isn’t the case.  Grace-Marie Turner of the Galen Institute writes in today’s Wall Street Journal:



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.


We’ve long said at IWF that it might be worthwhile exploring options other than the current employer-provided system of health insurance. There are some attractive alternatives. But large numbers of citizens moving to a government-backed health plan is not one of them. Turner notes that many of those who will suddenly find themselves turning to the government will be able to take advantage of a subsidy that will be available for families making up to $88,000.


Guess who picks up the tab for these subsidies-yep, taxpayer, you and me.


Companies that opt out of offering health insurance, however, may find that down the road the joke is on them: 



Employers should think twice if they believe the fine for not offering coverage will stay unchanged at $2,000 per worker. “If many companies drop health insurance coverage, the government could increase the employer penalty or raise taxes,” according to the new study, authored by McKinsey consultants Shubham Singhal, Jeris Stueland and Drew Ungerman.


If Obamacare isn’t repealed the (unfunny) joke will be on all of us, especially those who believed that if they liked their plans they could keep them.