Posted on 08/21/2016 10:46:47 AM PDT by lowbridge
With the news last week that Aetna — like UnitedHealth and Humana — is pulling out of most state exchanges, ObamaCare seems set to implode.
Even President Obama seems to realize it: He’s preparing to launch a major push to draw in more people — preferably, healthy young ones — to his health-care marketplaces.
In the meantime, there was grim tidings for New York: Roughly one out of every five companies in the state is hiring fewer workers thanks to ObamaCare.
Companies say they’re shifting to more part-timers. They’re cutting workers’ wages and benefits and hiking prices.
Those were the findings of a new survey out Tuesday from the Federal Reserve Bank of New York, and it’s a major blow to both workers and consumers in the state.
Worse, it comes on top of other hits — like Gov. Cuomo’s $15 minimum wage, which will sock businesses with higher labor costs, leading them to slice jobs and jack up prices even more.
Who needs this kind of pain?
ObamaCare was supposed to bring health costs down. But companies are trying to adjust to higher costs for premiums and prescription drugs.
(Excerpt) Read more at nypost.com ...
I thought the tax penalty on people who pay no taxes was supposed to take care of this.
Keep doing the same things, over and over, NY....for ‘new’ results.
There’s a word for that.
It won’t implode. The subsidies will simply increase by executive order. The show must go on. And the rich must pay.
That’s OK. The $15 minimum wage will put more people on welfare anyway. They can get Medicaid instead.
The second-to-last manufacturing job [2002] I worked was like that. The production people on the floor [~40 or so college kids] did three 3-hour shifts with 10 minute breaks in between for a total of no more than 36 hours/week at $6.50/hr. When I got tagged for forklift op/shipping clerk, I got 39 hours/week until I proved out and was hired in full time with OT & benefits.
Death to the Affordable Care Act!
Truth, Justice, and the American Way.
A product so good you’re forced by law to buy it.
President Trump can’t come too soon.
yeah and there is a bridge going to Brooklyn for sale too
Robot hamburger factory makes 360 Gourmet Burgers every hour...
http://www.freerepublic.com/focus/f-bloggers/3100817/posts
yeah yeah, we know, bitch and moan at our relatives at the Labor Day barbecue about how fabulous Obamacare is.
Exactly :)
Sadly the plan is working.
After Obamacare totally implodes, we’ll all have a meager govt health plan.
(except for the elites of course)
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