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Denial River (Insureblog)
What is it with people completely ignoring reality? In this case, it's the
folks at the Congressional Budget Office (CBO). Last time we checked, they'd
just realized that ObamneyCare© is going to cost over $1.7 trillion to
implement, or roughly double what they'd previously projected.
Their current delusion is that ObamneyCare© won't lead to the mass extinction
of the group health insurance market, despite widespread evidence that it
will:
"Forecasters at the Congressional Budget Office (CBO) ... are refusing to
predict that [ObamneyCare©] will lead to a sharp drop in enrollment in
employer-sponsored health plans ... will require most employers over a certain
size to offer health coverage ... will permit the employers to get out of
offering coverage by paying a penalty for each employee"
Hmmm, let's see: Tens of thousands of dollars and major administrative
headaches to comply with constantly changing plan design rules, or a few thou
in fines.
The technical term here is: easy-peasy, lemon-squeezy.
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