Yeah, well, he was lying.
Under ObamaCare, the new mandates are so expensive that many employers are considering just paying a small penalty and dumping their employees into the government plan.
Internal documents recently reviewed by Fortune, originally requested by Congress, show what the bill's critics predicted, and what its champions dreaded: many large companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government.
That would dismantle the employer-based system that has reigned since World War II. It would also seem to contradict President Obama's statements that Americans who like their current plans could keep them. And as we'll see, it would hugely magnify the projected costs for the bill, which controls deficits only by assuming that America's employers would remain the backbone of the nation's health care system.
An internal AT&T cost analysis, for example:
HT: Tim Sheithner
UPDATE: B-Daddy expands at The Liberator Today.