Skip to comments.Fox: Many large companies dropping health care insurance for their retirees
Posted on 03/25/2010 10:25:48 AM PDT by pabianice
Just announced on Fox. One of the first "benefits" of Obamacare is news that companies with large populations of retirees that now have health insurance through their former employees will, instead, be dumped and forced onto Medicaid and Medicare. The resulting fines for the companies will be far less than continuing to pay for retirees' medical care. It's all allegedly legal under ObamaCare.
But if they like their plan, they get to keep it, right? Obama promised.
This is the slippery slope toward Single-payer.
Who could of seen this coming!
Oh yeah! Republicans have been saying during the entire debate this is what would happen.
Democrats are the stupidest people on earth, I guess there is a good reason they usually live in the projects.
Or these companies will move off shore and not pay anything. So much for jobs.
Result?: U.S. Dept. of Health Care Insurance
..and so it begins
The natural law of business says that the large can only get so large — and eventually will shrink as smaller companies grow. This leaves larger companies with a large number of retirees that can only add cost to the companies. Obamacare gives them an out. Corporations loyalty needs to be with their shareholders, and cutting expenses is one way they prove their loyalty.
but...but...but...Dear Leader said we would be able to keep our own insurance!!
Of course. Dump the profit killing company health insurance under Obamacare and force them onto the Government plan.
Good luck. You’re on your own.
Hopefully GM UAW retiree thugs and other union thugs will lose their Caddilac healthcare. Eff em.
And Obama, his family...Congress and their staff....are all EXEMPT from Obamacare.
Why didn’t we hear from large and small business during all of this?
They were complicit.
It’s in the plan for single payer, which is the real goal...Put the Insurance companies out of business, forces all onto government healthcare/deathcare.
If its legal... why would they have to pay a fine?
Isn’t this the norm? I retired early & have to pay for my insurance until I’m old enough for Medicare. My sweetie, who’s a bit older than me, was dropped from insurance when he became eligible for Medicare. It didn’t seem as if there was a choice!
How many union retirees will be effected?
The horror stories of retirees losing coverage? The disappearance of private insurance companies? The coming rise in premiums? The looming doctor shortages?
Those are all Bush's fault. The old, the sick, the poor will likely blame all the problems of Obamacare on Republicans.
Obama said we would keep the insurance we have.
I’ve have never understood why a business would pay for retiree’s healthcare.
As I understand it, there was a tax subsidy in the Medicare prescription drug plan that we an incentive for companies to keep people on their plan when they retire as opposed to dumping them off on Medicare. This tax incentive was done away with in Obamacare.
Change you can believe in. Communism at its best. It’s just starting folks, hang on to everything you have. You may need it.
It's also why the Republican Party has been part of the strategy all along. First the GOP implemented a massive Medicare Prescription Drug Plan. Then the Democrats pass an ObamaCare package that: (1) provides financial incentives for companies to eliminate insurance for their current or retired employees, and (2) slashes Medicare coverage for current and future retirees.
The Republicans passed the Medicare Prescription Drug Plan that allows private companies to drop retirees from their insurance rolls and put them on Medicare. Then the Democrats slash the Medicare coverage for these people. Both parties would have taken a ton of sh!t . . . and a lot of political pressure from the opposing party . . . for doing exactly what they've allowed each other to do here.
Seniors get to die to give illegals, slackers, and drug addicts free healthcare.
I think America has had enough of this crap.
But if they like their plan, they get to keep it, right? Obama promised.
Yeah right. This didn't take long, did it?
So ObamaCare is ACTUALLY carefully designed to destroy health insurance!
That is why the bad part kicks in later.
It is not you I am questioning.
FYI - retirees getting dumped - Obama cut $500 billion from Medicare in ObamaCare - good luck with that. Medicaid is broke.
That’s what Rush was saying Tuesday. He had that lady from Atlanta on the phone and she said her company was thinking of moving to Costa Rica. I guess if any of us want jobs we’ll move with them!
It’s a very steep and slippery slope, in my opinion. If Obamacare stands, private insurers will serve no useful purpose. The goverment will decide who is covered, what everyone pays, and what medical services will be delivered. It’s all one big public option.
Except, of course, for the rich and politically connected, who will be able to purchase quality care for cash.
Gee, I’ll tell my 82 year old mom that she’s a union thug. Thx, Frantzie.
This could be the start of what FINALLY wakes some people up, those who have still been sleeping (= voting Democrat).
“Seniors get to die to give illegals, slackers, and drug addicts free healthcare.”
Bingo! We have a winner!
Next will be seniors and baby boomers retirement savings.
Obama WANTS everyone to lose their private health insurance.
By putting the incentives in place for companies to drop health insurance -- it's cheaper to pay the fine -- and by mandating an 85/15 payout rate for the insurance companies, which will put them out of business, Dear Reader sets up the Government as the final solution.
Future Obama speech:
"It's clear that greedy corporations would rather line their pockets than provide health care for their hard-working employees. And even worse is the rampant greed of insurance corporations who will leave all of their customers without coverage, rather than pay out a larger portion of their amassed wealth to deserving families.
"We must ensure health care for every American, so it is with great honor that I announce government health insurance for everyone..."
You set it up so people will be begging for the "single-payer" option. Obama is showing Chavez how it's done.
you can, if your company is slow to respond to losing money
Live on Fox News Channel.
UNION companies. They are the ones with the highest retiree healthcare debt. That’s why the UNIONS have wanted this plan in the first place...to unload and reload.
I am sorry - don’t blame me - blame the unions. I foolishly gave McCain money to try to stop the Kenyan.
Looks like Verizon was the first to send the memo... via WSJ
Lucent dropped virtually all retiree health benefits years ago.
It doesn't matter that "single payer" is not part of the current bill. It will destroy the insurance industry to the point where there is no longer any choice but to implement single payer.
“So ObamaCare is ACTUALLY carefully designed to destroy health insurance!”
Well that was obvious from the start, but is only the beginning. Well, the TARP with the strings attached, the GM takeover, those might be considered the beginning. But the end result is the same. The economic power will reside with the government. Not the Public. Not the Workers. Not Business.
That has been the plan all along. Here is the real evil part of Obama’s plan (besides killing seniors and babies).
The so called insurance pools don’t begin until 2014....yet people will begin losing their insurance almost immediately. So that by the time the 2014 elections roll around...Obama will run on a full public option plan citing all the poor people with no insurance, while the republicans are trying to repeal his original bill.
I don’t think Americans are going to fall for Obama’s dirty trick though.