Douglas Holtz-Eakin drew the scorn of Democrats when he predicted earlier this year that about 35 million people insured through their employers would lose that coverage by 2014 under provisions of the Affordable Care Act. But now Holtz-Eakin—former Congressional Budget Office director, president of the conservative think tank American Action Forum, economic adviser to presidential candidate John McCain and critic of the 2010 healthcare law—has some backup.
A survey-based study circulating on Capitol Hill this week by the consulting firm McKinsey & Co. concluded that up to 30% of employers could discontinue health insurance benefits, reduce the benefits, or limit benefits to only some employee, because of the law. The study was based in part on a survey of 1,300 companies and thousands of employees in various regions of the country and different industries.
So did Holtz-Eakin feel vindicated after his earlier estimates were derided?
“I'm not surprised, really,” he told me this morning before a Capitol Hill event. “I got that number just by doing the math. Am I glad someone else has shown they are capable of also doing the math? Yes.”