news, stu, for small businesses trying to figure how to incorporate this law. bad news from objective organizations, office of actuaries, bean counters down the middle. they are not ideological, not skewed one way or the other. you re right. it is bad news for small business. 11 million people covered by small business plans will see their costs go up. we don t know how much they are going up. that cost upward movement does not include the extra they are going to have to pay on deductibles. bad news for small business. stu varney, we ll keep you at your new time, 11:00 eastern. hitting the campaign trail in kentucky, going to bat for a new friend. seen here for his inauguration in 1993, handing him a bouquet of roses when she was 14 years old. now she s getting his help in the heated race against senate
as john was suggesting, if 36% are positive and 34% as pat suggests, say it is a good idea, that is enough as pat and i predicted three years ago, to give republicans the senate. what they have concluded and i got this from another one of my bundlers is mitch mcconnell is going to run a totally negative campaign and believe that s will take him to victory. john, awarded the president of the united states the lie of the year. if you like your plan, you can keep your plan. our tally so far is 5.9 million plans have been canceled and each plan has an average of three people so you are talking about 18 million people. with predictions up to 50 million to 100 million will be thrown off of plans coming up. the employee small business
reevaluated. a lot of those people will be dropped off. that will start to add millions and millions more who will be dropped off or they will have to pay significantly more money because they re going to be forced to have coverage they don t want and they don t need. the federal registry pointed out, in 2010, it was not just government health care plans but they knew a majority of small business plans would be funneled into the government system. they knew in july of 2010 that even 40% of big businesses. we re talking about 100s of people, day after day, week after week, month after month. this was sold as we ll do this through the private insurance companies. in fact, this is socialized medicine. the private insurance companies are being mandated as to what must be covered by the government. and the private insurance companies are being used as the vehicle for redistributing wealth. so if a 70-year-old has to cover
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administration said it s only 5% of the population. now we re talking about potentially 100 million people in small business that will lose it. 50 to 100 million exactly like this case. in many cases for the same reasons we heard the individuals. small business plans are being denied and cancelled because they don t cover the things that are part of the obama care mandates. the pediatric dentistry, acupuncture. so they are cancelling small businesses. large businesses as well. they are replacing it with much more expensive plans. matt you were a part of this. i lost my insurance. the comparable one was not as good and my premiums went up 49%. secondary effects. maybe your premium won t go up but your deductible will go up. spouse, family on there those expense will go up. what about these cancelations? 100 million people might get cancellation sflerts it s unbelievable.