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Survey: Employers consider ending health coverage
AP via WCPO ^ | 8/24/2011 | TOM MURPHY

Posted on 08/24/2011 10:39:41 AM PDT by TSgt

INDIANAPOLIS (AP) - Nearly one of every 10 midsized or big employers expects to stop offering health coverage to workers once federal insurance exchanges start in 2014, according to a new survey from a large benefits consultant.

Towers Watson also found in a survey completed last month that an additional 20 percent of the companies are unsure about what they will do.

Another big benefits consultant, Mercer, found in a June survey of large and smaller employers that 8 percent are either "likely" or "very likely" to end health benefits once the exchanges start.

Employer-sponsored health insurance has long been the backbone of the nation's health insurance system. But the studies suggest that some employers, especially retailers or those offering low wages, feel they will be better off paying fines and taxes than continuing to provide benefits that eat up a growing portion of their budget every year.

(Excerpt) Read more at wcpo.com ...


TOPICS: Business/Economy; Extended News; Front Page News; Government
KEYWORDS: barackalypsenow; bhoeconomy; bhohealthcare; corporations; economy; healthinsurance; nobama2012; obama; obamacare; obamageddon; singlepayer; socialisthealthcare; socializedmedicine
Didn't see this coming... /SAR
1 posted on 08/24/2011 10:39:45 AM PDT by TSgt
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To: TSgt

if anywhere these numbers take this path, the rest will follow suit, they will in order to compete.


2 posted on 08/24/2011 10:42:43 AM PDT by dila813
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To: TSgt
There's a third option that the MSM never mentions, they just won't hire and then they don't owe healthcare or a fine.
3 posted on 08/24/2011 10:43:34 AM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: TSgt

This was Barry’s plan from the beginning. We’ll get single payer, government health care by default.


4 posted on 08/24/2011 10:43:47 AM PDT by colorado tanker
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To: TSgt

It was the plan all along.

Many companies wanted Obamacare. Many want socialized medicine. Why? The cost for the company will be cheaper than having employer funded health care.


5 posted on 08/24/2011 10:44:54 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: TSgt

1. the bill as it is will be amended a great deal with regards to the exchanges.
2. 2014 is a ridiculous implementation date, and everyone knows it. It won’t happen.
3. If/when it does happen to whatever degree, yes, many small employers will stop offering health bens and send their EE’s to exchanges.
4. The exchanges will suck balls, there will be awful servicing of their claims and administration and EE’s will revolt.
5. companies will out-compete their exchange-only competitors by offering medical insurance and it will swing back.

The silver lining in all this is that over the next year or so, the average Joe’s will come to realize that the private insurers aren’t this issue at all (nor brokers, nor lawyers) but the pure and simple cost of healthcare. This bill does not address that at all. All hell will break loose and at some point, the true cost of healthCARE will be addressed and then - only then - will we get a break.


6 posted on 08/24/2011 10:49:13 AM PDT by whattajoke (Let's keep Conservatism real.)
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To: TSgt

The cost TODAY will be less than buying insurance. The cost TOMORROW will likely eat up any savings.

Employers will see a dramatic increase in the “fines” and penalties imposed. Somebody has to pay for Obamacare - it isn’t going to be those who are forced to buy insurance with it’s 2000 to 4000 deductible. Who can afford that? On top of the 400 per month deductible you get stuck with a 400 dollar per month premium for a single person.

The logic just escapes me - if someone can’t afford to buy health insurance today what makes lawmakers believe that they can afford to pay a huge deductible? Many will just continue to go to the ER, run up a big bill, and walk away from it.

This obamanation has to go away!


7 posted on 08/24/2011 10:54:00 AM PDT by msrngtp2002 (Just my opinion.)
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To: TSgt

Sarah was Right ping


8 posted on 08/24/2011 10:55:02 AM PDT by Buckeye McFrog
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To: TSgt
I plan on dropping my individual coverage. I'm self-employed.

As an insurance agent.

9 posted on 08/24/2011 10:55:55 AM PDT by TonyInOhio ("From the Halls of Martha's Vineyard to the Shores of Tripoli")
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To: redgolum
Many companies wanted Obamacare.

"Shove your costs onto somebody else's books" lies at the heart of the MBA degree...
10 posted on 08/24/2011 10:57:16 AM PDT by Buckeye McFrog
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To: TSgt

Unexpectedly, of course...


11 posted on 08/24/2011 10:57:40 AM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: msrngtp2002

“The logic just escapes me - if someone can’t afford to buy health insurance today what makes lawmakers believe that they can afford to pay a huge deductible?”

Everybody will be able to. We just have to not purchase the insurance and pay the premium. Then when we get sick, we go buy the coverage and pay the deductible. Overall, that will be a savings. Heck, they can’t turn anyone away for pre-existing conditions, so why buy ahead of time?


12 posted on 08/24/2011 11:00:54 AM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: All

I don’t think an individual’s health care coverage should have anything to do with one’s employer, in the first place.

Additionally, the highly touted “group rates”, just means unfairly higher costs for healthy individuals.


13 posted on 08/24/2011 11:02:13 AM PDT by EyeGuy (2012: When the Levee Breaks)
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To: TSgt

this is the ugly secret of obamacare. The businesses have WANTED THIS FROM DAY ONE in order to screw the taxpayer with these bills.


14 posted on 08/24/2011 11:07:46 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: TSgt

ObamaCare was DESIGNED to do this.


15 posted on 08/24/2011 11:19:13 AM PDT by Paine in the Neck (Where's he getting these ideas? He's not smart enough to be that stupid all by himself.)
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To: TSgt
My wife works as a dispatcher for the city police dept. The first week of August, the employees had an "all hands" meeting. They were informed that their rather nice health insurance with "Tall Tree" was canceled as of August 1st. The reason is that continued coverage for the city employees was going to cost another $800,000 for the period August to December 31st. The city didn't have the money. The replacement plan is "catastrophic" coverage plus an HSA.

My wife called with the news. I discovered that my own coverage ($600/month payroll deduction) with a FlexSpend account made her ineligible for the HSA offered. Further, since her birthday falls in July and mine in August, her coverage had always been "primary". Having "catastrophic" coverage as "primary" is a non-starter. The only reasonable option was for my wife to decline the employer provided coverage. That represents a huge cut in her compensation, but what is offered is completely unacceptable.

I'm waiting for the other shoe to drop. My company does the annual healthcare sign up in November. I'll find out if we're screwed on my coverage too.

16 posted on 08/24/2011 11:19:42 AM PDT by Myrddin
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To: Buckeye McFrog

It does.
To be honest though, we have socialized medicine now. Only the businesses pay for it.

One of the managers at my current job said they would be willing to hirer more older workers if they didn’t have to pay health care. I know how much our current employees cost, many over 50, and I can understand why that would be.


17 posted on 08/24/2011 11:37:22 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: TonyInOhio

I’d like to but my wife is so insistent on it. I really can’t afford to go to a doctor for anything anyways.


18 posted on 08/24/2011 11:40:45 AM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: Myrddin

I just found out today, that my company will now charge extra for having my spouse on my health plan, because she is eligible for coverage at her company. And the only plans they’ll offer are the high-deductible ones. I can definitely see where it’s going, I expect by 2014, it will be all gone.


19 posted on 08/24/2011 11:41:53 AM PDT by dfwgator
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To: dfwgator
We had Kaiser Permanente coverage in San Diego through Dec 2000. When we moved to Idaho, I had to go with the company self-insurance using an Aetna PPO. Medical service providers are in short supply in eastern Idaho. It's going to get more difficult as this asinine Obamacare wipes out private insurance offerings.
20 posted on 08/24/2011 11:58:06 AM PDT by Myrddin
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To: dfwgator
BTW, my spouse and kids ALWAYS cost extra on my plan. We have always had an employee only, employee + spouse and employee + spouse + kids plans. My wife wants me to bump the Flex Spend account from $50/paycheck ($1200/annual) to $100/paycheck to cover the larger deductibles and poorer prescription benefits.
21 posted on 08/24/2011 12:01:32 PM PDT by Myrddin
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To: All

post civil war, angry slave owners vowed to employ their former slaves at the same expense as the cost of a slave.

This is where they made onerous contracts where they charged the former slave for everything to the point of paying them virtually nothing.

Obamacare is the company store and the crony capitalists are making the slaves (the citizens) pay for food at the company store.


22 posted on 08/24/2011 12:03:26 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: redgolum
The cost for the company will be cheaper than having employer funded health care.

I wouldn't be so sure about that. In the long run, the overall quality of healthcare will suffer under Obamacare. It will take longer to get routine treatment; usual illnesses will be prolonged; perhaps the number of employee-hours to seek and receive treatment at all will increase.

In companies where employees can be easily replaced, this may not be a big issue. In companies that hire skilled professionals, they won't be able to be competitive, knowing that employee "healthcare time" out of office could significantly increase.

23 posted on 08/24/2011 12:09:32 PM PDT by Lou L (The Senate without a fillibuster is just a 100-member version of the House.)
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To: TSgt

The govt wants the fines, etc. Healthcare for all is a smokescreen.


24 posted on 08/24/2011 1:02:28 PM PDT by Scotsman will be Free (11C - Indirect fire, infantry - High angle hell - We will bring you, FIRE)
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To: Lou L
In the long run, the overall quality of healthcare will suffer under Obamacare. It will take longer to get routine treatment; usual illnesses will be prolonged; perhaps the number of employee-hours to seek and receive treatment at all will increase.

But illegal aliens and uninsurable druggies will have greater access than they do now. Some have to suffer for the common good and some people are more equal than others. < / sarcasm >

25 posted on 08/24/2011 2:17:14 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Myrddin

Is that with Ameriben? They are based in Idaho. Hubby works for a 5000+ company that is self-insured with Aetna/Ameriben, and I hope they continue to offer coverage. It’s not perfect but it sure beats the alternative.

Mrs. Prince of Space


26 posted on 08/24/2011 2:26:53 PM PDT by Prince of Space ("...raising America's debt limit is a sign of leadership failure." Sen. Obama, 3/16/06)
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To: CSM
Heck, they can’t turn anyone away for pre-existing conditions, so why buy ahead of time?

There will be enrollment periods like Medicare.

27 posted on 08/24/2011 2:55:01 PM PDT by Mike Darancette (O-blame-r)
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To: Prince of Space
My employer is a bit larger. 45,000 employees. $15 billion in annual gross revenues. I don't use the coverage much, so it is hard to say how "good" it is. I'm turning 55 on Friday. Thus far, no health problems that require any ongoing care.
28 posted on 08/24/2011 3:07:28 PM PDT by Myrddin
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To: Scotsman will be Free; All
"The govt wants the fines, etc. Healthcare for all is a smokescreen.

" "Health" care is the smokescreen. While everyones attention is misdirected to 'health care' - they are not doing due diligent research of those 3000+ pages - WHICH INCLUDES

Total rule over every aspect of our lives.

And, in case they missed something, there's an 'open-end' clause in there that allows the sec. to add anything else at any time.

read my tag line. With this dog and pony show regime - you have ALWAYS got to!

29 posted on 08/24/2011 3:10:48 PM PDT by maine-iac7 (ALWAYS WATCH THE OTHER HAND)
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To: Myrddin
Having "catastrophic" coverage as "primary" is a non-starter.

Why is a major medical plan along with an HSA a non starter? My family is covered by a similar plan. My monthly premium ($50) is low. After $3,000 of expenses, the plan covers 85% of the next $3,000. At $6,000 in expenses, I no longer have any required payments. The list of preferred providers is very large. The other plan required a monthly premium of $300 with a very poor choice of doctors.
30 posted on 08/24/2011 5:10:34 PM PDT by businessprofessor
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To: businessprofessor
It's a non-starter because Aetna won't pay a dime until the "primary" insurance pays. The "catastrophic" plan won't pay a dime until I cough up the huge minimum expenses. I'm already coughing up $600/monthly for the Aetna coverage. I won't give them an excuse to blow me off because my wife has the "catastrophic" plan as primary. Better to dump it.

It doesn't matter what plan I have in Idaho. The list of providers is small. I don't need the extra aggravation of fighting over a stupid administrative policy.

31 posted on 08/24/2011 5:57:14 PM PDT by Myrddin
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To: Lou L

You may be correct, and I suspect you are. But that is not what the HR guru’s are saying. They also view it as a plus, since then there would be no competition for benefits.


32 posted on 08/24/2011 6:27:08 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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