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http://www.freerepublic.com/focus/f-news/3044792/posts
Vanderbilt University Medical Center to cut 1,000 jobs - good freaking grief!
bizjournals ^ | Jul 16, 2013 | Eric Snyder
Posted on July 18, 2013 9:20:38 PM PDT by FreeAtlanta
Vanderbilt University Medical Center plans to cut its workforce by more than 1,000 employees within the next two years, The Tennessean reports, citing people familiar with the center’s plans.
Some of the cuts are expected to come by offering early retirement options.
Vanderbilt University Medical Center is targeting $250 million in budget savings over the same time period, or about 8 percent of current expenses, according to The Tennessean.
“It is clear that we must embark on a comprehensive effort that is immediate, achievable, proactive and ensures success over a multiyear period, while the health care and biomedical science economies we live in reshuffle into a ‘new normal,’ “ Vice Chancellor of Health Affairs Dr. Jeff Balser said in a memo to staff, according to The Tennessean.
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http://www.freerepublic.com/focus/f-news/3044531/posts
Maryland Employers Cutting Hours Due to Obamacare: Frustration builds as the reality sets in
Washington Free Beacon ^ | 07/18/2013 | Washington Free Beacon Staff
Posted on July 18, 2013 8:51:46 AM PDT by SeekAndFind
Large employers have struggled to adapt to Obamacare provisions and are cutting hours, and insurance experts worry it will create friction between employers and employees, WMDT reports:
By 2015, employers with at least 50 full-time, 30-hour employees will be required to provide health insurance or pay a hefty $3,000 fine for each uninsured employee. Insurance experts worry it could create some friction between the employer and employee.
“We’ve seen employers starting to cut down hours to 28, 25 hours such that they will not be subject to penalty for that employee,” Keen said.
That’s exactly what Katie Frantz says has happened to her.
“The job that I currently have is part-time. And they don’t want to let me be full-time because they don’t want to pay me benefits. And I don’t even need the benefits because I have it through my husband. It’s just very annoying,” she said.
Some employers have discovered they would be better off financially paying the penalty rather than providing insurance.
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