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ObamaCare Costs Will Explode; Trader Joe's Shows Why
Investor's Business Daily ^ | 09/12/2013 | John Merline

Posted on 09/13/2013 5:41:11 AM PDT by IBD editorial writer

When Trader Joe's announced it was dropping health benefits for part-time workers, it reassured them that they'd be no worse off as a result.

"We believe that with the $500 from Trader Joe's and the tax credits available under the (Affordable Care Act), many of you should be able to obtain health care coverage at very little if any net cost to you," noted CEO Dan Bane in a memo to employees revealed this week.

In other words, Trader Joe's — like some other companies — has decided to shift its health care costs onto federal taxpayers via the subsidized ObamaCare insurance exchanges.

The specialty grocer's move adds further evidence that ObamaCare will cost far more than the $1.4 trillion currently forecast...

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 0carenightmare; entitlements; healthcare; obamacare; obamacarecosts; romneyagenda; romneycare; romneycare4all; romneycare4ever
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1 posted on 09/13/2013 5:41:11 AM PDT by IBD editorial writer
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To: IBD editorial writer

2 posted on 09/13/2013 5:51:23 AM PDT by Diogenesis
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To: IBD editorial writer

Frankly Scarlett I don’t think anyone has a clue what the costs are really going to be until full implementation and there is only faint hope that isn’t going to happen sooner rather than later.


3 posted on 09/13/2013 5:52:16 AM PDT by wita
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To: IBD editorial writer

But you should see all the people that think it is so cool that they can get a better deal through the exchange! While I don’t believe our health insurance should be linked to our employment, either, I am not satisfied that private companies are now allowed to break their contracts with employees and dump them on the public fisc. The single payer folks are rubbing their hands with glee and I am weeping for our future generations.


4 posted on 09/13/2013 5:53:57 AM PDT by browniexyz
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To: wita

and that is why Krauthammer advised the GOP to stop fighting implementation now,let the debacle occur, let people see what they bought when they voted democrat, let GOP win the next round of elections, and then repeal or amend the law.

Makes a lot of sense imho.


5 posted on 09/13/2013 5:58:55 AM PDT by silverleaf (Going to war without the French is like going hunting without an accordion.)
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To: browniexyz

Obamacare was NEVER meant to succeed. Single payer was the goal from the get go.


6 posted on 09/13/2013 6:03:44 AM PDT by mountn man (The Pleasure You Get From Life Is Equal To The Attitude You Put Into It)
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To: browniexyz

If employers had given employees contracts guaranteeing health insurance, that would be the case.

The vast majority of employees, however, are employees at will.

As TJ’s points out here, they are not actually cutting the practical net compensation to their employees.

The real answer is to repeal not only Obamacare, but the tax deduction for employer-provided insurance as well.


7 posted on 09/13/2013 6:04:03 AM PDT by 9YearLurker
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To: silverleaf

Nope.

If the ‘Pubbies allow this to go through, they will own it. It isn’t like the Media is going to blame the Democrats or The One.

Besides, someone should ask Mr. Krauthammer about the last time a Federal program this size was shut down. (Hint: Has never happened...)


8 posted on 09/13/2013 6:04:42 AM PDT by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
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To: silverleaf

It does make sense. Problem is, like any govmint program, the deeper it get’s its’ fangs into the flesh, the harder it is to get out. That’s my worry.


9 posted on 09/13/2013 6:05:30 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: silverleaf
---yeah--but it never happens--

--the last major piece of "legislation" repealed in its entirety must have been the Eighteenth Amendment--(prohibition)--

10 posted on 09/13/2013 6:07:09 AM PDT by rellimpank (--don't believe anything the media or government says about firearms or explosives--)
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To: browniexyz

What contracts ?? Every company does a new health plan offering every year, based on expense. Since the Feds have insisted on making employer-provided insurance significantly more expensive, Trader Joe’s (and other companies) are making rational business decisions. . .


11 posted on 09/13/2013 6:10:51 AM PDT by Salgak (http://catalogoftehburningstoopid.blogspot.com 100% all-natural snark !)
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To: browniexyz
"the exchange"

The exchanges are analogous to a gov't run concentration camp.

12 posted on 09/13/2013 6:11:20 AM PDT by Paladin2 (h)
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To: IBD editorial writer
“shift its health care costs onto federal taxpayers via the subsidized”

I give that a big NO DUH!

Obamacare needs to be defunded, to bad we have a Republican majority in the house that left there spine and balls back home.

13 posted on 09/13/2013 6:11:30 AM PDT by Farnsworth ("The people have always some champion whom they set over them and nurse into greatness...This and no)
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To: silverleaf

I usually think the hammer is a genius but he has to know that once an entitlement goes forward, it’s impossible to roll it back.


14 posted on 09/13/2013 6:12:18 AM PDT by Mercat
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To: browniexyz

I don’t have a contract with my employer.


15 posted on 09/13/2013 6:14:59 AM PDT by caver (Obama: Home of the Whopper)
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To: silverleaf
It WOULD make sense, if the GOP had leadership. They should be screaming from every rooftop and in front of every media scum that O-holecare is going to destroy the healthcare system and cost the public more than they could have ever imagined. Every chance they get, they should be reminding the idiots that voted for the jug-eared moron (and the rest of the apathetic filth infesting the country), THAT NOT ONE REPUKELICAN VOTED FOR IT.

Instead, we have Tammy Fay Boehner trying to find backhanded ways to fund this destructive POS legislation, and when it does implode the cameras will all be on scumbag libtards, who will be blaming everything on the mute, gutless, ball-less, pansies formerly known as the GOP.

16 posted on 09/13/2013 6:15:25 AM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: Diogenesis
The ONLY people happy with Obamacare are the parasites who live off others, INCLUDING the thousands hired by the Federal Government (using MORE Taxpayer $$$$$), the SEIU (MORE government employees to pay DUES with taxpayer $$$$$), and the Insurance Companies who pushed it to increase their monopoly power in a less-competitive marketplace.

The LOSERS are Taxpayers, all of us who work to live independent of the Gubmint, and all of us who will be subjected to invasive sharing of our personal finance and medical records.

17 posted on 09/13/2013 6:16:12 AM PDT by traditional1 (Amerika.....Providing public housing for the Mulatto Messiah)
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To: Little Ray

It is going through
The GOP lost 2 years ago

Look at the loser wimps we have in Congress- do you think McConnell and Boehner are “winning”?

The weasels are going to manufacture a “compromise” to avoid shutting down the govt ... period. So with a compromise, like being a little bit pregnant we will have a little bit of obamacare

conservatives in the GOP just don’t know when to stop storming the barricades and stop eating their own, instead of going back to the planning room

This should be a siege, not a surge. We have neither the leadership nor the popular support for a surge

But give the people their first obamacare tax bill and their first experience with obamacare gatekeepers- - and here comes the outrage and popular support and we need that before the next round of elections


18 posted on 09/13/2013 6:16:45 AM PDT by silverleaf (Going to war without the French is like going hunting without an accordion.)
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To: silverleaf
Krauthammer advised the GOP to stop fighting implementation now,let the debacle occur, let people see what they bought when they voted democrat, let GOP win the next round of elections, and then repeal or amend the law.

Duly noted and filed under "Stupidest Ideas to Ever Come from Krauthammer's Mouth."

19 posted on 09/13/2013 6:17:08 AM PDT by workerbee (The President of the United States is DOMESTIC ENEMY #1)
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To: wita

Full implementation will only occur over a number of years after numerous funding and budgeting crises. That’s the plan from the very beginning. Single payer is the goal.


20 posted on 09/13/2013 6:17:55 AM PDT by SC_Pete
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