We have insurance companies, all the doctors and all the hospitals. The CBO estimate only a million people would lose their employer sponsored care. There's 160 million people that have employer sponsored care. And The decision for employers moving forward is do you pay $20,000 for an insurance plan in 2016 or do you pay the $2,000 penalty? And again, you're not throwing your employees to the wolves here. You're making them eligible for huge subsidies. We simply can't afford this law. (09:10–09:19)
CLAIM
Asserts that employers face a decision between paying $20,000 for insurance or a $2,000 penalty in 2016.
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