IBM’s decision has everything to do with ObamaCare.
Obamacare mandated new insurance coverages that are increasing the premiums. Corporations cannot and should not be obligated to pay for 26 year old’s who are not insuring themselves, but one example.
Most likely IBM supported Obamacare so it could push people out into the "markets." Big Business and Big Government go hand in hand.
Corporations cannot and should not be obligated to pay for 26 year olds who are not insuring themselves, but one example.
That's a valid point, but how much does the coverage for a 26 year-old cost compared to the coverage for someone who is 65 or older? I'll bet the cost for the 26 year-old is intangible in the context of the full insurance plan the company was offering before.
I also contend that it makes no sense for corporations to pay for insurance for people who they don't even employ anymore.