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Businesses React to Rising Cost of ObamaCare: They're Cutting Benefits
yahoo.com ^ | Mar 26, 2010 | Henry Blodget

Posted on 03/27/2010 5:58:00 PM PDT by grundle

Remember the part in the ObamaCare pitch when they said if you like your current healthcare, it won't change?

Turns out it might.

Companies are already announcing that their healthcare premium costs are going through the roof. Some are responding by firing people. Some are cutting benefits. And some are presumably eating it.

But costs they are a-rising.

A few examples from the WSJ:

-- Caterpillar said it would cost the company at least $100 million more in the first year alone.

-- Medical device maker Medtronic warned that new taxes on its products could force it to lay off a thousand workers.

-- Verizon announced to employees that it will likely have to cut healthcare benefits to offset the new costs.

So, people who like your employer-provided health insurance, get ready to pay more or get less.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Miscellaneous
KEYWORDS: 111th; benefits; bhohealthcare
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1 posted on 03/27/2010 5:58:00 PM PDT by grundle
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To: grundle

An Atlas shrug fest.


2 posted on 03/27/2010 5:58:51 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: grundle

Got change?


3 posted on 03/27/2010 6:03:43 PM PDT by bigbob
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To: grundle

Yes we can!


4 posted on 03/27/2010 6:04:29 PM PDT by Mister Muggles (.Seattle: A city full of Liberal men with vaginas.)
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To: Mister Muggles
Does this mean -- could it be -- Obozo LIED TO US!?!!?!?!

Tell me it isn't true!!!!

5 posted on 03/27/2010 6:05:50 PM PDT by Jerrybob
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To: grundle

Geesh, am I surprised!!!


6 posted on 03/27/2010 6:11:34 PM PDT by gibsosa
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To: grundle

"Hey Democrats !!! Surprise !!! Surprise !!! Surprise !!!"

7 posted on 03/27/2010 6:12:48 PM PDT by Lmo56
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To: HiTech RedNeck
I really hate to see this happening, but maybe it's like my computer...when all else fails...REBOOT.

The "obama virus" is in the system now and seems hell bent to wipe out the current "operating system" reorganize the "data" to suit its purposes.

The "obama virus" will not just "download" to your system, but will be delivered in person by an "IRS" chip to insure installation and compliance with all rules and regulations.

The only way to stop the "obama virus" is to REPLACE the entire "hard drive" and all of his "components".

Care should be taken in the future to never get involved with the NaZ1 "operating system".
8 posted on 03/27/2010 6:14:00 PM PDT by FrankR (Those of us who love AMERICA far outnumber those who love obama - your choice.)
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To: grundle

....and they wonder if the people would remain angry till November?
The big eared Muslim is not going to let them calm down.


9 posted on 03/27/2010 6:14:12 PM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)
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To: grundle

At least this won’t be Bush’s fault.


10 posted on 03/27/2010 6:14:54 PM PDT by AU72
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To: grundle
Obama and his followers are working tirelessly to destroy the US. Everything we look at as bad, they see as a good and deserved outcome. We have survived incompetents and ordinary leftists. We, as a country, don't seem to recognize or know how to defeat an active enemy within the gates who is just as dangerous and maniacal as Al Qaeda.
11 posted on 03/27/2010 6:17:44 PM PDT by Truth29
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To: grundle

This no surprise at all.

IT IS PLANNED.


12 posted on 03/27/2010 6:19:04 PM PDT by WeatherGuy
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To: grundle
I was just thinking yesterday that many a good employer had a moral block in the past to keep on employees who might be left with no insurance for their needy families. That moral block has just been erased.
13 posted on 03/27/2010 6:19:56 PM PDT by Earthdweller (Harvard won the election again...so what's the problem.......?)
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To: grundle

Can’t you just hear obamao’s handlers (george soros? the 12th imam? the saudi king?):

Mu ha ha, its all going according to plan...

I just found out that as a health care provider I will be taxed $200 annually for the “privilege” of treating medicare and medicaid paitents.


14 posted on 03/27/2010 6:25:57 PM PDT by 43north (BHO: 50% white, 50% black, 100% red)
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To: grundle
Shazam! Who woulda thought?


15 posted on 03/27/2010 6:26:12 PM PDT by ChildOfThe60s (If you can remember the 60s, you weren't really there.)
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To: grundle

Of course the answer will be to extend unemployment benefits again and again and again.


16 posted on 03/27/2010 6:34:11 PM PDT by killermosquito (Buffalo (and eventually France) is what you get when liberalism runs its course.)
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To: grundle

The only fair thing to do would be to fire Democrats.


17 posted on 03/27/2010 6:35:43 PM PDT by Vince Ferrer
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To: killermosquito; Grampa Dave; tubebender; hedgetrimmer; forester; BOBTHENAILER

And that just makes it plain old welfare since all the unemployment insurance premiums paid to date were squandered long ago!!!


18 posted on 03/27/2010 6:40:18 PM PDT by SierraWasp ("Contempt of Congress" used to be a minor crime. Now it's a badge of honor!!!)
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To: grundle
Nah, Congress will hold hearings and have these company execs testify and show the country what greedy bastards they are, then the pay czar will step in....
19 posted on 03/27/2010 6:50:25 PM PDT by TornadoAlley3 (Obama is everything Oklahoma is not.)
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To: grundle

A friend of mine just lost her job after 20+ years. The company? Wellpoint, the health insurance giant.

Thanks, Congress.


20 posted on 03/27/2010 6:52:56 PM PDT by Darnright (There can never be a complete confidence in a power which is excessive. - Tacitus)
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