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.
a report issued today in Fortune Magazine and reported by CNN indicates that the dire warnings of ObamaCare critics concerning the consequences of approving the costly legislation are in fact well-founded.
The report points to internal documents from AT&T, Verizon, John Deere, and several other large corporations which show that executives are, in fact, looking at the option of dropping healthcare coverage for employees due to what they are sure will be unsustainable increases in costs. These costs will be so prohibitive that it would benefit the corporations to pay the government fines instead:
Asked by Anonymous at 10:02 PM on May. 7, 2010 in Politics & Current Events
Answer by ryanlynn at 11:08 PM on May. 7, 2010
Answer by BEXi at 10:05 PM on May. 7, 2010
Answer by Anonymous at 10:05 PM on May. 7, 2010
Answer by Carpy at 10:07 PM on May. 7, 2010
Answer by Anonymous at 10:09 PM on May. 7, 2010
Answer by mrsbean08 at 10:11 PM on May. 7, 2010
So you are saying that without the current health care bill there would have been no increase in health care costs?
Over the last decade, employer-sponsored health insurance premiums have increased 119 percent. 4
• Employees have seen their share of job-based coverage increase at nearly the same rate during this period jumping from $1,543 to $3,354.4
• The cumulative increase in employer-sponsored health insurance premiums have raised at four times the rate of inflation and wage increases during last decade. This increase has made it much more difficult for businesses to continue to provide coverage to their employees and for those workers to afford coverage themselves.
Answer by stacymomof2 at 10:18 PM on May. 7, 2010
Answer by 29again at 10:19 PM on May. 7, 2010
The conservative exanimer? NEXT
Just so YOU are aware , ONE of the major reason WE wanted a PO is a LARGE percentage of employers in the past 10 years have decided to STOP offering coverage...that isn't Obama's fault..although in YOUR wet dreams EVERYTHING is....
Answer by sweet-a-kins at 10:22 PM on May. 7, 2010
Answer by tnmomofive at 10:25 PM on May. 7, 2010