Dean: Employers will drop coverage under Obamacare

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Welcome to first year economics.

Dean told Morning Joe, “The fact is it is very good for small business. There was a McKinsey study, which the Democrats don’t like, but I do, and I think its true. Most small businesses are not going to be in the health insurance business anymore after this thing goes into effect.”

The reason Democrats fought so hard to dismiss the McKinsey survey when it was released is because its conclusion undermines two major claims  Obama made during health care debate: “If you like your health plan, you can keep it” and “It will not add one penny to the deficit.”

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