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Fox: Many large companies dropping health care insurance for their retirees
Fox News Channel | 3/25/10

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.


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: 111th; bho44; bhofascism; bhohealthcare; bhosocialism; democrats; economy; healthcare; hopeychangey; lping; obama; obamacare; pelosi; publicoption; seniors; singlepayer; socialism; socialisthealthcare
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1 posted on 03/25/2010 10:25:48 AM PDT by pabianice
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Comment #2 Removed by Moderator

To: pabianice

But if they like their plan, they get to keep it, right? Obama promised.


3 posted on 03/25/2010 10:27:28 AM PDT by Question Liberal Authority ("We can't control nature" - Barack Obama, Feb 27, 2010)
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To: pabianice

This is the slippery slope toward Single-payer.


4 posted on 03/25/2010 10:27:45 AM PDT by wac3rd (SYCASUSE)
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To: pabianice
shocking!

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.

5 posted on 03/25/2010 10:28:13 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: pabianice

Or these companies will move off shore and not pay anything. So much for jobs.


6 posted on 03/25/2010 10:28:14 AM PDT by BigFinn
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Comment #7 Removed by Moderator

To: pabianice

Result?: U.S. Dept. of Health Care Insurance


8 posted on 03/25/2010 10:28:21 AM PDT by Rennes Templar
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To: pabianice

..and so it begins


9 posted on 03/25/2010 10:28:33 AM PDT by Buckeye McFrog
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To: pabianice

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.


10 posted on 03/25/2010 10:28:59 AM PDT by mlocher (USA is a sovereign nation)
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To: pabianice

but...but...but...Dear Leader said we would be able to keep our own insurance!!


11 posted on 03/25/2010 10:29:28 AM PDT by NMEwithin
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To: E. Pluribus Unum

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.


12 posted on 03/25/2010 10:29:37 AM PDT by Col Frank Slade
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To: pabianice

Hopefully GM UAW retiree thugs and other union thugs will lose their Caddilac healthcare. Eff em.


13 posted on 03/25/2010 10:29:57 AM PDT by Frantzie (McCain = Obama's friend McCain called AMERICANS against amnesty - "racists")
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To: Thane_Banquo

And Obama, his family...Congress and their staff....are all EXEMPT from Obamacare.


14 posted on 03/25/2010 10:30:12 AM PDT by Blue Turtle
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To: pabianice

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.


15 posted on 03/25/2010 10:30:16 AM PDT by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: pabianice
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.

If its legal... why would they have to pay a fine?

Just say'n

16 posted on 03/25/2010 10:31:34 AM PDT by GregoTX (I am the resistance)
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To: pabianice

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!


17 posted on 03/25/2010 10:31:36 AM PDT by Twotone (Marte Et Clypeo)
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To: pabianice

How many union retirees will be effected?


18 posted on 03/25/2010 10:32:14 AM PDT by EdReform (Oath Keepers - Guardians of the Republic - Honor your oath - Join us: www.oathkeepers.org)
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To: pabianice
The Democrats who instituted Jim Crow, the Democrats who stood in the schoolhouse door to block integration -- those Democrats artfully convinced much of the nation that Civil Rights were their idea. Their most loyal supporters today are blacks. It makes no sense, but there it is.

Watch out.

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.

19 posted on 03/25/2010 10:32:14 AM PDT by ClearCase_guy (I do not want the Union to be maintained. I want the US to break up. I support secession.)
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To: pabianice

Obama said we would keep the insurance we have.

He lied.


20 posted on 03/25/2010 10:32:14 AM PDT by LowTaxesEqualProsperity
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To: pabianice

I’ve have never understood why a business would pay for retiree’s healthcare.


21 posted on 03/25/2010 10:32:58 AM PDT by wordsofearnest (Job 19:25 As for me, I know my Redeemer lives.)
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To: pabianice

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.


22 posted on 03/25/2010 10:33:12 AM PDT by IamConservative (Liberty is all a good man needs to succeed.)
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To: pabianice

Change you can believe in. Communism at its best. It’s just starting folks, hang on to everything you have. You may need it.


23 posted on 03/25/2010 10:33:19 AM PDT by RC2
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To: pabianice
This was exactly what one of the key points of ObamaCare was all about.

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.

24 posted on 03/25/2010 10:33:55 AM PDT by Alberta's Child ("Let the Eastern bastards freeze in the dark.")
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To: pabianice

Seniors get to die to give illegals, slackers, and drug addicts free healthcare.

I think America has had enough of this crap.


25 posted on 03/25/2010 10:34:03 AM PDT by dforest
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To: Question Liberal Authority; StarFan; Dutchy; alisasny; BobFromNJ; BUNNY2003; Cacique; Clemenza; ...
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.

Yeah right. This didn't take long, did it?

26 posted on 03/25/2010 10:34:51 AM PDT by nutmeg (Bart Stupak: Judas, Neville Chamberlain or Benedict Arnold?)
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To: pabianice

Which companies?


27 posted on 03/25/2010 10:35:31 AM PDT by verity (Obama Lies)
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To: pabianice

Un

Freeking

Belevable

So ObamaCare is ACTUALLY carefully designed to destroy health insurance!


28 posted on 03/25/2010 10:35:33 AM PDT by FormerACLUmember (The urge to save humanity is almost always a false front for the urge to rule. - H. L. Menken.)
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To: ClearCase_guy

That is why the bad part kicks in later.


29 posted on 03/25/2010 10:36:03 AM PDT by dforest
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To: pabianice
Is this a quote?? Is there a video? I need to slam a few people and I want backup.

It is not you I am questioning.

30 posted on 03/25/2010 10:36:30 AM PDT by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: pabianice

FYI - retirees getting dumped - Obama cut $500 billion from Medicare in ObamaCare - good luck with that. Medicaid is broke.


31 posted on 03/25/2010 10:36:41 AM PDT by Frantzie (McCain = Obama's friend McCain called AMERICANS against amnesty - "racists")
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To: BigFinn

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!


32 posted on 03/25/2010 10:38:22 AM PDT by ducttape45
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To: wac3rd

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.


33 posted on 03/25/2010 10:38:23 AM PDT by swain_forkbeard (Rationality may not be sufficient, but it is necessary.)
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To: Frantzie

Gee, I’ll tell my 82 year old mom that she’s a union thug. Thx, Frantzie.


34 posted on 03/25/2010 10:38:56 AM PDT by ReneeLynn (Socialism is SO yesterday. Fascism, it*s the new black. Mmm Mmm Mmm.)
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To: nutmeg

This could be the start of what FINALLY wakes some people up, those who have still been sleeping (= voting Democrat).


35 posted on 03/25/2010 10:39:01 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: E. Pluribus Unum

...and illegals


36 posted on 03/25/2010 10:39:07 AM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)
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To: indylindy

“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.


37 posted on 03/25/2010 10:39:18 AM PDT by Frantzie (McCain = Obama's friend McCain called AMERICANS against amnesty - "racists")
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To: pabianice
After reading the transcript from Rush yesterday, where he talked to the insurance lady, I believe this is all intentional manipulation.

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.

38 posted on 03/25/2010 10:39:56 AM PDT by TChris ("Hello", the politician lied.)
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To: pabianice

Link, please.


39 posted on 03/25/2010 10:40:22 AM PDT by Antoninus (It's a degenerate society where dogs have more legal rights than unborn babies.)
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To: NMEwithin
Dear Leader said we would be able to keep our own insurance!!

you can, if your company is slow to respond to losing money

40 posted on 03/25/2010 10:41:21 AM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)
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To: Antoninus

Live on Fox News Channel.


41 posted on 03/25/2010 10:41:50 AM PDT by pabianice
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To: verity

“Which companies?”

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.


42 posted on 03/25/2010 10:43:25 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: pabianice
"Legal"?
It's precisely what he wanted!
43 posted on 03/25/2010 10:43:27 AM PDT by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
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To: ReneeLynn

I am sorry - don’t blame me - blame the unions. I foolishly gave McCain money to try to stop the Kenyan.


44 posted on 03/25/2010 10:44:38 AM PDT by Frantzie (McCain = Obama's friend McCain called AMERICANS against amnesty - "racists")
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To: pabianice
Everything Obama touches turns to crap.
45 posted on 03/25/2010 10:45:40 AM PDT by spectre ( Spectre's wife)
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To: verity
Which companies?

Looks like Verizon was the first to send the memo... via WSJ

46 posted on 03/25/2010 10:46:04 AM PDT by BigFinn
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To: penelopesire

Lucent dropped virtually all retiree health benefits years ago.


47 posted on 03/25/2010 10:46:18 AM PDT by Freds2nd
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To: FormerACLUmember
So ObamaCare is ACTUALLY carefully designed to destroy health insurance!

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.

48 posted on 03/25/2010 10:46:42 AM PDT by PapaBear3625 (Public healthcare looks like it will work as well as public housing did.)
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To: FormerACLUmember

“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.


49 posted on 03/25/2010 10:46:47 AM PDT by 21twelve (Having the Democrats in control is like a never-ending game of Calvin ball. (Giotto))
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To: TChris

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.


50 posted on 03/25/2010 10:48:30 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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