Breaking--ObamaCare Prompts Top Companies to Consider Dropping Employee Coverage

Conservative Examiner ^ | 5/5/2010 | Anthony G. Martin

[Welshman007]

In a stunning revelation Wednesday, several top U.S. corporations are seriously considering dropping employee health insurance coverage in light of what they see as the inevitable consequence of ObamaCare--skyrocketing costs.

The companies state that after their legal experts poured over the thousands of pages in the new law, it will cost them less to pay the fines for not providing healthcare coverage for employees than continuing to provide employer-paid health insurance benefits.

As a side-note to the announcement, the companies maintain that ObamaCare will result in a dramatic increase in expenses for providing employee coverage, with added costs skyrocketing to multi-billions of dollars.

[KoRn]

"In a stunning revelation"

LOL!!! I hope that was sarcasm....

[gov_bean_ counter]

Wow, this certainly was “unexpected”... /s

[Just A Nobody]

In a stunning revelation ...

Huh? Most have been saying this would happen for over a year now. What's so stunning about it?

[tang-soo]

[potlatch]

Well, we knew it would happen - and wasn't that Obama's intent?

       

[pnh102]

All part of the plan.

[IrishCatholic]

Wow, never saw that coming bookmark.

[Welshman007]

LOL! Stunning in that many of the uninformed citizens didn’t expect it because, after all, Dear Leader said it wouldn’t happen.

[Lorianne]

Additionally, the penalties to businesses for not offering coverage are less expensive than the cost of providing insurance, she said. "But for those that aren't providing coverage now, this is a huge burden to them. And for employers that have a lot of employees working 30 hours (the threshold to be considered full- ime), you may have a lot of businesses cutting them back to 29 hours."

This is what happens in Hawaii, where employers are required to cover employees who work 20/week or more. There are a lot of people who work 2 or more 19 hour/week jobs.

[Son House]

CONgress, well at least the Demorat majority, deserve full credit too. After all, who finishes writing the bills after they pass. Then, Health and Human Services Secretary/staff get to pen some more into the bill...

[SERKIT]

Wow! Maybe they need a conservative community organizer to get some good ‘ol civil disobedience started. How’s THAT for patriotism?

[ldish]

I HATE THIS...OOPS...can’t say it in public!

[potlatch]

[I HATE THIS...OOPS...can’t say it in public!]

I think it’s fully expressed here every single day - in many ways, lol.

[Nachum]

The list, ping

[PubliusMM]

This is all part of the 0bamunist plan...destroy America in pursuit of the socialist agenda.

It’s time to take back the country.

[ldish]

i know...i have expressed them before...but actually the thoughts are becoming more focused!

[Lou L]

But Obama said, "if I like my current coverage...I can keep it!"

You mean he didn't clear that with employers first?

[potlatch]

[the thoughts are becoming more focused!]

Lol, you may have to focus your thoughts on milder expressions then - just to be safe!

[edpc]

U.S. corporations are seriously considering dropping employee health insurance coverage

No they're not. They know if they do, it's a new blunt instrument Dems will use to continually bash business. Think BP is getting raked over the coals? Try being the first business to announce they're dropping healthcare to protect their bottom line.

It would be the correct thing to do from a business standpoint, but it wouldn't be viewed that way by the general public due to the negative attention it would receive from the govt and MSM.