“The Departments’ mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013,”
Up until now all the attention has been focused on the 12 million in the individual market. Jay Carney dismisses this number as insignificant and Obama actually ridiculed the policy holders who had their plans cancelled with his "let them go shop" speech in Boston.
According to the Congressional Budget Office, 156 million Americans—more than half the population—was covered by employer-sponsored insurance in 2013. Forbes computes that as many as 93 million Americans will lose the insurance plans that they liked and were promised they could keep. How will 93 million angry voters react in the 2014 mid term election? One can see why the the rollout of Obamacare was set to follow Obama's re-election but Congressional Democrats had better get used to the idea of martyrdom.
It is my opinion that Obama and the Democrats intended to wreck the insurance industry. The loss of 93 million policy premiums may cripple some of the smaller firms but it's better that having a portfolio of chronically ill policy holders. Had not Republicans captured and held the House this would have probably played out like the worst of TARP and the GM bailouts with the government in control of the healthcare industry. As it is now there will be a steady stream of reports of cancelled insurance plans from now until election day. And it will get worse. If the younger, healthier population does not buy into this fraud, and it seems it is not, insurance rates will accelerate as the rates reflect the actuarial realities of a sickly insurance pool and just prior to election day policy holders will face sticker shock for the second time in two years.