I have a client with 29 employees. Their union rep mouthed off at a recent meeting. The owner told the union rep and all in attendance that he had paid healthcare costs for all employees for 32 years. If he continued, he would pay double the costs. He told his employees that they would be on their own in Jan 2014 since he couldn’t afford the new Obamacare, he would simply cease to offer healthcare.
That is one of those Matt Damon, you like apples how do you like dem apples moments. I don't say that in jest, real lives are affected here, but chances are all the Union Members voted for the anointed one and were asked to do so by their Union. That must have been a shocker and it probably sucked all the 02 out the room. Well, in a sad way, these workers are now going to find out just how good the Exchanges work don't work. And on top of it?
They will pay for it in after tax dollars vs. this being a benefit which was tax free.
If they compare the real cost of the two, they may need supplemental oxygen...