The PJ Tatler

More great news: 30% of employers plan to drop employee health coverage once ObamaCare kicks in

What was all that about “If you like your coverage, you can keep your coverage”? Oh yeah, it was what normal people call a lie.

Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows.

While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will “definitely or probably” stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.

The survey of 1,300 employers says those who are keenly aware of the health-reform measure probably are more likely to consider an alternative to employer-sponsored plans, with 50% to 60% in this group expected to make a change. It also found that for some, it makes more sense to switch.

The Affordable Care Act: so affordable it will blow a giant hole in the private insurance industry. But not by accident.