Investors Business Daily reports that internal OBAMA administration documents show up to 51% of employers may have to relinquish their current health care coverage because of ObamaCare.  And small firms will be even likelier to lose existing plans.

My House Rep Bill Posey (R-FL 15) posted the 83-page document on his website with this comment:

“This is a bait and switch.  The President and leaders in Congress made a different set of promises to the American people before their bill was passed, now the details are coming out and they don’t match the promises,” said Congressman Bill Posey (R-Rockledge). “The President promised repeatedly that people who like their current plans can keep them but now the details of their plan actually confirm what many suspected all along, most Americans will lose their current health care plan.”

A copy of the draft regulations can be viewed HERE. reports:

The 83-page document, a joint project of the departments of Health and Human Services, Labor and the IRS, examines the effects that ObamaCare’s regulations would have on existing, or “grandfathered,” employer-based health care plans.

Draft copies of the document were reportedly leaked to House Republicans during the week and began circulating Friday morning. Rep. Bill Posey, R-Fla., posted it on his Web site Friday afternoon.

“It’s been passed around the staffs here on Capitol Hill. Congressman Posey thought it was important enough to share,” said spokesman George Cecala.

By the way, rates Posey a B+