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Will health care law force people to lose their insurance?

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  • Description

    Calculating the fallout of Obamacare

  • Duration 2:15
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A new study says obamacare will bring about the very thing it was created to stop.

Millions of Americans will lose their health insurance chief national correspondent Jim Angle tells us how -- will happen.

The Congressional Budget Office says that under obamacare seven million fewer people will get insurance from their employers by 20/20 three.

And increase from the last estimate of four million.

One reason the fine for not providing insurance is 2000 dollars while the cost of providing it is far greater that's a simple calculation for employer.

-- look at the cost the insurance.

Or they don't provide it may pay a penalty and more and more deciding just pay the penalty kids fight -- -- repeatedly offered by the president.

Nothing in this plan will require you or your employer.

To change the coverage of the doctor you've -- And besides -- advisor -- the CBO says those without insurance can get generous taxpayer subsidies but only to buy coverage the government specifies.

Why shouldn't there workers take advantage of federal subsidy to the extent that they're paying taxes.

Take pay for it to the white house calls the report over some provide.

On January 1 2014.

And insurance marketplace will be up and running and consumers will have more access to quality affordable health insurance coverage but many won't be able to use them or the subsidies for instance to avoid defined companies -- -- is much -- insurance for individual workers but not their spouse or children.

If the employer pays for the new workers share of that -- -- thousand dollars.

Princess of the family you have to pay the other 101000.

And the famine only makes 30000 that's a third of their income they may.

-- not being able to buy insurance.

And they may not be eligible for subsidies in the exchange either.

Now the famous cotton limbo -- millions without insurance or who will lose the insurance they have.

The coverage that you have now.

Simply isn't going to exist.

For most people next year -- the year after in fact the law is full of perverse incentives employers with fewer than fifty workers or whose employers work less than thirty hours a week.

Don't have to provide insurance so many are -- -- their workers accordingly.

-- Jim thank.

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