Barack Obama on Tuesday, August 11, 2009 in a town hall meeting
My firm used to pay for family PPO coverage for all employees.
Because of rising costs due to the mandates of Obamacare, the firm can now only afford to pay for an HMO, and for the employee only. Family PPO coverage with a reasonable deductible (less than two or three thousand dollars per year) will now require out of pocket payments by employees of up to almost $1000 per month.
Yes, if you like your health care plan, you can keep your health care plan.
But, my secretary can no longer afford it.
In fact, she probably can't afford the monthly out of pocket for family HMO coverage.