According to the estimates from the Congressional Budget Office released 2-5-2012 Obamacare will push 7 million people out of their job-based insurance coverage. That's nearly twice the previous estimate.
Tax changes have made it less attractive for businesses to pay for employee health plans. It will be cheaper for them to pay a penalty.
Overall, the new health provisions are expected to cost the government $1.165 trillion over the next decade.
During the health care debate Mr. Obama had said individuals would be able to keep their plans.
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