Bump
Just another confirmation of how disastrous Obamacare is. The entire concept is a disaster upon America, its companies and its citizens.
And this is why that horrid bill was passed.
Because they were going to get what they REALLY want as a CONSEQUENCE of passing this bill.
America, RIP Nov 4, 2008
I wonder if the debt commission will suggest that the feds drop the Federal Employees Health Benefits Program. Even with the subsidies to workers, I imagine that would still shift more cost to the employees.
That damned Law of Unintended Consequences, ain’t it a bitch.
“unexpected”....
NOT!!
There is no “may” about it. I have heard from business owners who intend to do this.
It will save them a ton of money. And the employees get screwed, because their plans are downgraded.
BTW, this was the Govts plan all along. Now they will be able to say, “see, we need the public option”.
The “shocker” in the headline must be sarcasm
Nobody could have predicted that!!
oh wait, we all did
“Shocker: Major corporations may dump health insurance, pay penalties instead”
I am both shocked and stunned. If only someone had seen that coming.
(sarc)
This is the reason lots of major corportation money went to Obama.
If they can cut their health care costs, then they have made their situation similar to much of their overseas competitors. One would expect them to drive hard in the future for TOTAL government health care, so they can be rid of any such costs. Any taxes, will, of course, go directly onto the price tag of their vehicles and be mitigated by deductions.
What’s lost is the freedom of individuals.
We never should have connected employers and health care. There’s no logical reason for it.
Either way, health care costs would still rise because their true causes remain unaddressed. But at least it would not be as farcical as what we have now: a law designed to be both ineffective and unenforceable so that Denocrats in Congress can later do what they've wanted to do all along: nationalize health care.
and WHO is shocked??
It’s no secret that some major corporations would like to be free of the burden of health insurance, and regard employee sponsored health insurance costs as one of their major international competitive disadvantages - the CEO of FedEx, for example, has been speaking publicly about this for years.
But for the moment at least I think this is more a bean-counters fantasy than a practical choice, as the same corporations are well aware that it’s only the threat of losing health insurance that prevents many of their most valuable employees from jumping ship.
This will be happening, big time.
Companies with older workers produce insurance expense that is was higher than the penalty, for example in the 50 years + bracket insurance can be $2,000 per month with employees normally only paying around 10-20 percent. Employees will be dumped into the government plan.
We are so screwed.
My company is thinking of doing the same thing.