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Goodbye, Employer-Sponsored Insurance
The Wall Street Journal ^ | 05-21-10 | JOHN C. GOODMAN

Posted on 05/20/2010 5:50:26 PM PDT by GOP_Lady

Companies are discovering that it's cheaper to pay fines to the government than to cover workers.

Millions of American workers could discover that they no longer have employer-provided health insurance as ObamaCare is phased in. That's because employers are quickly discovering that it may be cheaper to pay fines to the government than to insure workers.

AT&T, Caterpillar, John Deere and Verizon have all made internal calculations, according the House Energy and Commerce Committee, to determine how much could be saved by a) dropping their employer-provided insurance, b) paying a fine of $2,000 per employee, and c) leaving their employees with the option of buying highly-subsidized insurance in the newly created health-insurance exchange.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Editorial; Government; News/Current Events; Politics/Elections
KEYWORDS: benefits; bhohealthcare; fubo; health; healthcare; obamacare; socialism; socialisthealthcare; workplace; wsj
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1 posted on 05/20/2010 5:50:26 PM PDT by GOP_Lady
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To: 506Lake; AdvisorB; antivenom; angry elephant; Blonde; BornToBeAmerican; boxlunch; brivette; ...


To be added or removed from the
"The Wall Street Journal" Ping List,
FReepmail
GOP_Lady.

2 posted on 05/20/2010 5:50:58 PM PDT by GOP_Lady
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To: GOP_Lady
The Wall Street Journal is FREE today, thanks to Sprint.
3 posted on 05/20/2010 5:51:13 PM PDT by GOP_Lady
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To: GOP_Lady

Kinda sucks when many of us Republicans want to “send a message” and vote Third Party...thereby allowing the Democrat to win. Oh well, there’s always the clinics.


4 posted on 05/20/2010 5:53:32 PM PDT by BobL
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To: GOP_Lady

In the long run, this aspect of the abominable health care reform will be a good thing. The idea of tying medical insurance to employment was a big-government scam in the first place. It ended up making it virtually impossible for anyone to get reasonably priced insurance independently, and left most people who did get insurance through an employer stuck with whatever plan the employer chose to offer.


5 posted on 05/20/2010 5:54:28 PM PDT by GovernmentShrinker
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To: GOP_Lady

What is free? The paper paper?


6 posted on 05/20/2010 5:55:28 PM PDT by GeronL (Political Correctness Kills)
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To: GOP_Lady

Goal of this administration is working perfectly...more reliance upon the government.


7 posted on 05/20/2010 5:56:04 PM PDT by ebersole
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To: GeronL

http://www.wsj.com


8 posted on 05/20/2010 5:57:01 PM PDT by GOP_Lady
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To: GovernmentShrinker

What if the Indian reservations were to start independent health care facilities? Kinda like casinos.


9 posted on 05/20/2010 5:57:22 PM PDT by american_ranger (Never ever use DirecTV)
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To: GOP_Lady

10 posted on 05/20/2010 5:57:37 PM PDT by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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To: GOP_Lady
All part of the plan.Step #1....destroy the private insurance companies...step #2.....
11 posted on 05/20/2010 5:57:50 PM PDT by Gay State Conservative (Host The Beer Summit-->Win The Nobel Peace Prize!)
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To: GOP_Lady

May I suggest taking the time to watch the move Metropolis, possibly the remake from the 80’s. You will see how well everything works when Big Daddy runs your lives.

This experiment is all but over.

The Prick in the White Crib is in charge.


12 posted on 05/20/2010 5:58:33 PM PDT by gathersnomoss (Please God, watch over our country.)
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To: GOP_Lady
Anyone not think that that was how it was planned in the first place?


13 posted on 05/20/2010 5:59:38 PM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: GovernmentShrinker

And it was going to be very very hard for the GOP to kill employer health insurance, with the Media going against us.

Instead, we have the Dems taking the flak for this, and the GOP can then build a better system. If things go well, of course.

Employer sponsored insurance was just a metastable state.


14 posted on 05/20/2010 6:02:48 PM PDT by MetaThought
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To: GOP_Lady

Company pays $2,000 for nothing. Employee pays whatever it costs for health care. The sum will be greater than being paid today by company and employee; now there’s progress.


15 posted on 05/20/2010 6:03:12 PM PDT by rjones42
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To: GovernmentShrinker

Breaking the employer/insurance link be the only good thing assuming this society and economy survives.


16 posted on 05/20/2010 6:03:22 PM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: GOP_Lady

Millions of American workers could discover that they no longer have employer-provided health insurance as ObamaCare is phased in. That's because employers are quickly discovering that it may be cheaper to pay fines to the government than to insure workers.

OK, trick question, How many people here don't think this was done by design?
<< crickets chirping >>
17 posted on 05/20/2010 6:06:33 PM PDT by YankeeReb
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To: rjones42
Company pays $2,000 for nothing...

What is not being calculated is the cost of what the average salary will climb to. Look at European countries as an example. The $2000 will be to the govt, and there will be a X% added, or demanded by workers to offset the need to pay for the govt. HC. This will decrease profits and in turn hurt business. When all of the dust settles, you will find that a lot of the large employers, will continue to supply the private health insurance.

18 posted on 05/20/2010 6:11:01 PM PDT by IllumiNaughtyByNature (3V3Ry71N' 084M4 D03z 83N3f17Z MU5l1mz. c01NC1d3nc3?)
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To: american_ranger
What if the Indian reservations were to start independent health care facilities?

It's guys like you, with ideas like that, that make billions of dollars.

19 posted on 05/20/2010 6:29:29 PM PDT by Navy Patriot (Sarah and the Conservatives will rock your world.)
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To: american_ranger

Very interesting. Perhaps you should look into it.


20 posted on 05/20/2010 6:34:49 PM PDT by skr (May God confound the enemy)
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