I’m saying if a company largely has lower-income employees they will do it but not if they’re largely stagged with middle-to-upper-income types. Just like the companies with lower-income employees have been cutting them back to under 30 hours now, but not companies with a more educated and higher paid workforce.
I'm sorry if I'm not explaining this well. What I'm talking about is not hourly employees, but salaried employees. The executive I talked with is at the upper level of a large property management company. What they will be doing across the board is eliminate healthcare insurance as a benefit. What they will do is give everyone a stipend/bonus equal to the amount the company paid, minus the tax penalty, and let them buy their own insurance. I was told this a couple weeks ago.
Today the Wall Street Journal had an article about the same thing and the financial incentives to do this. It may start slowly, but it is going to happen. I suspect the GOP-e which represents mid to large business interests is not fighting harder than ever to repeal obamacare because business wants out of healthcare.
“I’m saying if a company largely has lower-income employees they will do it but not if they’re largely stagged with middle-to-upper-income types. Just like the companies with lower-income employees have been cutting them back to under 30 hours now, but not companies with a more educated and higher paid workforce.”
You obviously didn’t hear how IBM cut benefits for its retirees and have no idea how many contractors IBM relies on......