Obamacare: wave of mergers is just one of many signs of trouble with the new law

For example, we know that the government's Center for Medicare and Medicaid Services has found that the new law will increase health care costs, rather than reduce them, in the coming decade. We know that cuts in Medicare, with the money saved going to pay for expanding coverage to the poor, will jeopardize seniors' access to care. We know the law will make it impossibly expensive for companies that currently offer bare-bones health coverage to low-income employees to keep doing so. We know several corporations are taking giant write-downs because the bill will increase the cost of providing prescription drug coverage to retired employees. And perhaps most important, we know the law offers an enormous incentive for employers who currently provide coverage to workers to stop doing so, sending those workers to buy coverage in government-subsidized health care exchanges.

In sum, what the law means for millions of Americans is: No matter what the president said, if you like the coverage you have now, you can't keep it.

Empty promises on health care will haunt Obama