As if President Barack Obama didn’t have enough re-election headaches with the nearly daily reports of dreary economic news, now comes a new harsh assessment of his signature legislative achievement, ObamaCare.

A survey of 1,300 employers by the consulting firm McKinsey & Co. found that 30 percent say they likely will drop worker health-care coverage after the major provisions of the “Affordable Care Act” come into force in 2014. A central promise in Obama’s campaign to win passage of the act was that if you like your insurance, you wouldn’t lose it under ObamaCare. Republicans, think tanks such as the Heritage Foundation and other critics challenged that claim but were dismissed as Democrats rammed the measure through Congress on a partisan vote.

Now the McKinsey survey confirms the warnings. What’s more, it found that among employers most knowledgeable about the details of the health-care overhaul, more than 50 percent said they were likely to drop coverage for their workers.

Continue reading →