Firms Cancel Health Coverage - What did you expect?

I think I, among others, predicted this.

When the government forces people with an income to pay for health insurance for other people that don't have private insurance, pretty soon there won't be any private insurance. Companies will drop insurance as a cost saving measure and employees will go on the socialized plan. As more companies drop coverage the private health insurance companies will start going out of business which puts more people out of work and on the socialized plan. Revenue goes down while costs go up. Soon there will be a "crisis". Of course the federal government will be happy to step in and "solve" the problem it created with higher taxes, more regulations, while the quality of care goes down.

There is nothing so bad that a large dose of federal government can't make it worse.