New Government Report Confirms Health Premiums Will Rise For A Majority of Small Businesses Under ObamaCare

A new government report from the Centers for Medicare and Medicaid Services (CMS) is dumping the latest round of cold water on ObamaCare. The report finds that at least 65% of small businesses will see their health insurance premiums increase under the law.

That’s about 11 million Americans will seen an increase in their health care premiums under the “Affordable” Care Act.

The Obama administration has finally been forced to disclose what we’ve long feared: the president’s health-care law means higher premiums and lost access for millions of American workers.

From the Wall Street Journal: 

A federal actuarial report predicts that 65% of small businesses will see their health-insurance premiums increase under part of the Affordable Care Act.

The report, from the Centers for Medicare and Medicaid Services Office of the Actuary, is the latest piece of bad news for the president’s signature domestic achievement. While the law was designed to curb rising health costs, some consumers have seen their premiums or other out-of-pocket costs increase this year, or had their plans canceled altogether.

The report analyzed employers with 50 or fewer full-time employees that buy outside insurance policies for workers, a group it estimated at 17 million people in 2012. It focused on a piece of the 2010 law that prevents insurance companies from pricing policies based on customers’ health status.