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Nearly one in 10 employers to drop health coverage
The Washington Times ^ | July 24, 2012 | Paige Winfield Cunningham

Posted on 07/24/2012 11:05:31 AM PDT by Free ThinkerNY

About one in 10 employers plan to drop health coverage when key provisions of the new health care law kick in less than two years from now, according to a survey to be released Tuesday by the consulting company Deloitte.

Nine percent of companies said they expect to stop offering coverage to their workers in the next one to three years, the Wall Street Journal reported. Around 81 percent said they would continue providing benefits and 10 percent said they weren't sure.

The companies, though, said a lot will depend on how future provisions of the law unfold, since most of the key parts are scheduled to take effect in 2014. One in three respondents said they could stop offering coverage if the law requires them to provide more generous benefits than they do now, if a tax on high-cost plans takes effect in 2018 as scheduled or if they decide it would be cheaper for them to pay the penalty for not providing insurance.

While small business don't face fines for failing to offer coverage, companies with 50 or more full time employees face a penalty starting at $2,000 per worker.

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


TOPICS: News/Current Events
KEYWORDS:

1 posted on 07/24/2012 11:05:40 AM PDT by Free ThinkerNY
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To: Free ThinkerNY

So, if you have 51 employees, you lay two off. Simple enough.

If you really need the work done, get a couple of temps.


2 posted on 07/24/2012 11:15:10 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: cuban leaf

Wait until they figure out that the fine is cheaper and a lot less hassle...

Nothing to manage, just one payment a year based on how many employees you have, and you’re done.


3 posted on 07/24/2012 11:21:00 AM PDT by ltc8k6
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To: cuban leaf

If you have 110 workers, you lay off some, and split into two companies.


4 posted on 07/24/2012 11:22:27 AM PDT by ltc8k6
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To: ltc8k6

The fine is cheaper, for the moment. It becomes much more after 2016. The whole thing is a scheme to force single payer.


5 posted on 07/24/2012 11:24:19 AM PDT by Ingtar ("As the light begins to fade in the city on the hill")
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To: cuban leaf
So, if you have 51 employees, you lay two off. Simple enough. If you really need the work done, get a couple of temps.

They have a joke in France that their country is "The Home of the 49 Employee Corporation" (since all the draconian laws kick in at 50). All companies mysteriously stop growing at 49 and new "sister companies" then appear magically. And temping over there is HUGE.


6 posted on 07/24/2012 11:24:35 AM PDT by Buckeye McFrog
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To: ltc8k6

—Nothing to manage, just one payment a year based on how many employees you have, and you’re done.—

And if you can reduce their compensation by the same amount, it’s a wash. :-)


7 posted on 07/24/2012 11:26:43 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Free ThinkerNY
companies with 50 or more full time employees face a penalty starting at $2,000 per worker.

I'm not really in that position, but if I were, why wouldn't I pay the penalty (errrrr, TAX) of $2k per person instead of insurance? Surely the insurance cost is $2k or more per person.

8 posted on 07/24/2012 11:27:36 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Izzy Dunne

Well in the depths of the Baraqqi Depression, where there are no other available jobs, your theory is correct.

In normal times when there is job mobility, employers wouldn’t do that because talent would jump ship.


9 posted on 07/24/2012 11:32:20 AM PDT by nascarnation
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To: Free ThinkerNY

“One in three respondents said they could stop offering coverage if ...it would be cheaper for them to pay the penalty for not providing insurance. “

ALL of them will drop coverage if “it would be cheaper” LOL!

Some may find it possible to reduce cash compensation more than the added insurance cost, but Obamacare is designed so that is very unlikely.


10 posted on 07/24/2012 11:37:31 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: Free ThinkerNY
Nearly one in 10 employers to drop health coverage

There are still people who have employer health insurance?

You can bet the rent, those who aren't government employees, their employer heath benefits will be coming to an abrupt end.

11 posted on 07/24/2012 11:38:54 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: cuban leaf

My employer is handling it differently. As of last month, my employer does not direct hire, we only hire through temp companies now. Fortunately, those of us who were here before that date are still employees, but we were told that could also change depending on the next BOD meeting in the spring.


12 posted on 07/24/2012 11:48:58 AM PDT by SirFishalot
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To: Ingtar

Boeing is planning on dropping overage.

The fine is well below, WELL BELOW what it costs to provide the excellent BCBS PPO plan.

Other major defense industries are also planning to do the same.

You are right, this is the plan of The Messiah all along. . .to force everyone into a “single-payer” (government) health “care” plan.

I’ve experienced both government”care” (VA for emergency care and 5-days of in-patient treatment), and then when I left(ran away from) the VA I went to a private hospital that was covered by my private coverage—world’s apart in treatment and care.

Private care, private insurance is the way to go.

I want all the democrats who voted for this “care” to agree to be treated like everyone else: filthy government hospitals, obama sisters abusing their position as nurses aides, disinterested and over-worked doctors, shared rooms with no real air flow and stuffy and smelly from urine. . .let The Messiah be cared for like that THEN let him tell us it is just great!


13 posted on 07/24/2012 12:21:40 PM PDT by Hulka
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To: cuban leaf

And because the fine is well below the cost of providing insurance coverage, it is a financial win.


14 posted on 07/24/2012 12:23:04 PM PDT by Hulka
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To: Free ThinkerNY
I work at a large bank. If another bank drops coverage every large bank in America will drop coverage. They must follow the lead to remain “competitive”. I will lose my OK coverage and the benefit the bank pays for it portion of the coverage and my taxes will go thru the roof for the worthless who will now get "free" health care. Such a deal!
15 posted on 07/24/2012 12:25:26 PM PDT by Plumres
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To: cuban leaf
If you really need the work done, get a couple of temps.

Or offshore the work.

16 posted on 07/24/2012 12:27:07 PM PDT by dfwgator (FUJR (not you, Jim))
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To: Free ThinkerNY

Bad news. However, can someone translate this into an investment strategy? Short health insurance companies?


17 posted on 07/24/2012 12:27:59 PM PDT by aimhigh
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I hope all of you realize the AMOUNT of the fine was intentionally low just to pass the bill. They fully intend to use REGULATION AUTHORITY to jack up the fine many, many times. A tax slush fund that REGULATION AUTHORITY having been given to unelected officials at HHS can use as a hammer against political opponents, anyone that threatens the govt powers expansion.


18 posted on 07/24/2012 12:31:10 PM PDT by USCG SimTech (Honored to serve since '71)
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To: Plumres

Businesses have been looking for any excuse to drop health insurance.

The one good thing is that once businesses no longer have to factor in health insurance costs for employees, it could give an advantage to hiring local employees rather than having to outsource.


19 posted on 07/24/2012 12:38:17 PM PDT by dfwgator (FUJR (not you, Jim))
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To: dfwgator
Businesses have been looking for any excuse to drop health insurance.

The one good thing is that once businesses no longer have to factor in health insurance costs for employees, it could give an advantage to hiring local employees rather than having to outsource.
______________________________________________

I wish that would be the case, but where I work is so cheap it will never happen. We outsource our IT and it is a train wreck. The on shore people have to do their job and “fix” what the offshore breaks. American work force only hope it to get rid of the Dummycrats and then and only then will business start to hire. Now Corporations are not hiring in the uncertain times and as much as I hate where I am working, there are precious few IT jobs for someone over 50 in Pittsburgh!

20 posted on 07/24/2012 12:45:53 PM PDT by Plumres
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To: Ingtar

The fine for individuals goes up quite a bit by 2016, but it’s still probably way less than insurance premiums will be.

I don’t see where the business penalty increases for 2016. It was $750 per year per employee originally, and now it’s $2k per year per employee.


21 posted on 07/24/2012 12:50:42 PM PDT by ltc8k6
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To: aimhigh

I don’t know. If you can buy insurance only when you get sick and have full coverage. I wouldn’t think any health insurance company would be much of an investment.

I’d buy stock in gun and ammo makers and companies that make drugs for the clinically insane. There’s tar and feathers to consider also.


22 posted on 07/24/2012 12:51:39 PM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: cuban leaf

I can’t wait for the outcry over this:

Effective by January 1, 2013

Income from self-employment and wages of single individuals in excess of $200,000 annually will be subject to an additional tax of 0.9%. The threshold amount is $250,000 for a married couple filing jointly (threshold applies to joint compensation of the two spouses), or $125,000 for a married person filing separately.[74] In addition, an additional Medicare tax of 3.8% will apply to unearned income, specifically the lesser of net investment income or the amount by which adjusted gross income exceeds $200,000 ($250,000 for a married couple filing jointly; $125,000 for a married person filing separately.)[


23 posted on 07/24/2012 12:53:25 PM PDT by ltc8k6
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To: ltc8k6

My goal is to get my “taxable” income to a low enough amount that I’m one of those that pays no tax. ;-)


24 posted on 07/24/2012 12:55:07 PM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Free ThinkerNY

By dropping coverage it will increase pressure for a single source provider, “our beloved government”. Based on how the bill was written, I firmly believe this was the goal of the bill-national healthcare controlled, provided and limited by the government. There will be a scarcity of doctors. A recent poll indicates that 57% of doctors are considering quitting if Obamacare is enforced. Perhaps that’s why conscription of doctors was written into the law. Ask yourself who would want to become a doctor if all doctors are to be paid the same, regardless of specialty and extra years of training, yet remain open targets for lawsuits? Our legislators and Supreme Court have failed to protect us and now we have only the election to fall back on. As I look at our game addicted and lazy youth, growing numbers of those dependent on the government, and special interest groups pushing for one basic thing rather than what is good for the country as a whole, I hold little hope for America unless all conservatives band together to save our economic system and standard of medical care. Save these related issues first, then address lesser issues over time.


25 posted on 07/24/2012 12:55:07 PM PDT by Boomer One
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To: dfwgator

So what’s the problem? We’ll all get to enjoy the free market in health insurance. It’s a win-win.


26 posted on 07/24/2012 12:58:24 PM PDT by Wolfie
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To: Free ThinkerNY

I know a company that had been in business over 50 years.

They dropped health coverage, all right.

They closed the doors for good. Obamacare & it’s unknown qualities was a major factor.


27 posted on 07/24/2012 12:59:55 PM PDT by ridesthemiles
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To: Free ThinkerNY

I plan on dropping my own.

Why pay for car insurance on a monthly basis for years if I can pay after the wreck and they have to cover the wreck at the same premium as everyone else. Just carry coverage for the one month of the wreck, and drop it again after they fix my car.

This is essentially what they’ve done with ObamaTax.

Frankly, there’s no incentive to ever carry health insurance again. The government will pay for it...

My new RobertsTax penalty is going to save me a fortune in premiums. Besides, at that point, RealHealthCare is going to be a cash and carry side private market. Who cares what my employer or some exchange provides?

I’ll save my health dollars for the concierge service that only the intelligentsia can afford. The left knows damn well that under the system they’re trying to build, it only pays to be “The One Percent”.


28 posted on 07/24/2012 1:03:32 PM PDT by ziravan (Are you better off now than you werie $9.4 Trillion dollars ago?)
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To: SirFishalot
could also change depending on the next BOD meeting in the spring.

Bury Our Dead?

29 posted on 07/24/2012 1:17:18 PM PDT by steve86 (Acerbic by nature not nurture TM)
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To: ltc8k6

The penalties for businesses are set by one of the Obama appointed committees. Rush was reading off some of their projections a few weeks back.


30 posted on 07/24/2012 1:29:23 PM PDT by Ingtar ("As the light begins to fade in the city on the hill")
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To: ltc8k6

The penalties for businesses are set by one of the Obama appointed committees. Rush was reading off some of their projections a few weeks back.


31 posted on 07/24/2012 1:29:41 PM PDT by Ingtar ("As the light begins to fade in the city on the hill")
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To: Free ThinkerNY

10 days after the SCOTUS fiasco, I (along with many other people) was laid off from one of the largest health care insurance companies in the country. They went to great pains to avoid saying it was because of Obamacare, but the handwriting had been on the wall for a long time.

Now at age 60, a new “job” will be a little difficult to find. Ironically, the only reason I would be interested in a new job is because of the need for health insurance.


32 posted on 07/24/2012 1:39:38 PM PDT by newheart (At what point does policy become treason?)
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To: Boomer One
The mandate was to snare the "freeriders."

Government is the real "freerider" in this case and all other cases as well!!!

(continued in my tagline)

33 posted on 07/24/2012 4:16:41 PM PDT by SierraWasp (Government it'self is the REAL "Free Rider!" Obamacare will create burdensome "Free Riding!!!")
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To: Hulka

that fine will triple every year...just wait.


34 posted on 07/30/2012 11:17:31 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: TurboZamboni

Perhaps. But eve if the fine equals the cost of providing insurance the company wins financially by dropping the insurance coverage and paying the ONE-TIME fine for doing so.

So, the company makes a decision: Either pay yearly for insurance coverage for employees or pay a one-time fine for dropping coverage.

Dropping coverage and forcing everyone into socialized medical “care” is the ultimate goal of The Messiah. Of course, he and his filthy ilk will never have to ensure the nasty rude dirty foul third-world “care” he is forcing on everyone else.


35 posted on 08/05/2012 10:26:17 AM PDT by Hulka
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