U.S. Senator Mike Enzi, who is a ranking member of the Senate Health, Education, Labor and Pensions Committee, urged the Senate Wednesday to move forward on the consideration of a Resolution of Disapproval that would overturn a new health care regulation that breaks President Obama's promise.
Earlier this year, the Administration published the regulation, which will fundamentally change the health insurance plans of millions of Americans. Although the regulation was supposed to help existing health plans, and the businesses that provide them, avoid the most onerous new rules and red tape included in the new health care law, between 39 percent and 69 percent of businesses will lose their status as members of grandfathered health plans.
Enzi said that the picture is even worse for small businesses, as the Department of Health and Human Services estimates that by 2013, up to 80 percent of small businesses will lose their grandfathered status.