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Health care costs for IBM employees to rise because of Obamacare
IBM Corporation | 10/25/2010 | Dilbert56

Posted on 10/25/2010 8:50:14 PM PDT by Dilbert56

Just received an e-mail from IBM HR about 2011 benefits:

You should be aware that health care cost increases for 2011 -- in addition to the normal inflationary trends -- also are affected by health care reform requirements, which affect both IBM and you. For example, raising the age for dependent coverage from age 23 to 26 contributes somewhat to higher costs for businesses, as we must now all extend coverage to greater numbers of young adults.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: healthcare; obamacare
Oh, but we can keep the coverage we have - NOT.
1 posted on 10/25/2010 8:50:18 PM PDT by Dilbert56
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To: Dilbert56

They should consider switching over to catastrophic coverage with a larger deductible. That’s where we’re going.


2 posted on 10/25/2010 8:53:40 PM PDT by Walts Ice Pick
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To: Walts Ice Pick

IIRC the law does not allow catastrophic policies except for young people.

Liberals love mandates.


3 posted on 10/25/2010 8:56:58 PM PDT by freespirited (This tagline dedicated to the memory of John Armor, a/k/a Congressman Billybob.)
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To: Dilbert56

If it impacts IBM it impacts America.


4 posted on 10/25/2010 8:58:01 PM PDT by devane617 (November!)
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To: Dilbert56

Same here. I work for a Fortune 500 company that opened its healthcare enrollment for 2011 today. As of 2012, to get the lower rate, you’ll have to sign up for...biometric monitoring!


5 posted on 10/25/2010 9:00:20 PM PDT by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: Dilbert56

This is happening all over. Funny how it’s hardly being covered by the MainStreamMedia.

I was looking for something else and came across this at the Los Alamos Nat’l Laboratory website:


New Plan Premiums for 2011

New medical premiums will be in effect for the 2011 plan year. The combination of rising health care costs and a dramatic increase in participant usage of the Plan have contributed to a need for an increase in premium rates. As such, medical plan participants will experience an average premium increase of 30 percent.

http://www.lanl.gov/worklife/benefits/open/index.shtml


Gee, I can hardly wait to see what my own plan screws me with. We need to nail these moronic Democrats to the freaking wall. No tax increase my ass.


6 posted on 10/25/2010 9:06:34 PM PDT by VeniVidiVici (Defund National Peoples Radio!! Democrats are for free speech. Just not for you.)
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To: LibFreeOrDie

**** As of 2012, to get the lower rate, have to sign up for...biometric monitoring! ****

Sounds like coming of “The Mark” to buy or sell...control.


7 posted on 10/25/2010 9:07:01 PM PDT by Varsity Flight
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To: Dilbert56

I have a friend who is CFO for a Michigan company. The Blue Cross/Blue Shield quote they received for 2011 includes a 59% increase.


8 posted on 10/25/2010 9:09:05 PM PDT by bwc2221
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To: freespirited

Well, they’re selling catastrophic policies. What statute do you think makes them illegal?


9 posted on 10/25/2010 9:13:39 PM PDT by Walts Ice Pick
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To: Dilbert56

I feel lucky because we are only going up 7%. Of course, we just switched to a new policy that was designed to eliminate the big cost increases, so 7% is a lot more than what was supposed to happen.

The problem with the 26-age rule isn’t really putting older young people into the plans — they still cost less than a lot of employees. The problem is that the employers can’t have an age-based cost schedule, so now the “average cost” for a “child” has really increased.

Which means people who wanted to insure their 5-year-old kids, which cost very little, are now paying more so that other people can insure their 22-year-olds, who would have insurance from their new jobs except that they can’t get jobs under Obama’s rule, and why would anybody take insurance from their new employer if they get cheaper insurnace through their parent’s company?


10 posted on 10/25/2010 9:14:38 PM PDT by CharlesWayneCT
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To: Dilbert56

obamacar


11 posted on 10/25/2010 9:17:00 PM PDT by FrankR (November 2nd is NOT an election - it's a RESTRAINING ORDER.....VOTE!)
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To: Dilbert56
This is exactly what they want to happen, then THEY can say they came to our rescue when those horrible private insurance companies tried to rip us off with higher rates!

People are not stupid, my neighbor is 76 and she gets it, she is living proof that Medicare isn't cutting it for her!!

12 posted on 10/25/2010 9:17:58 PM PDT by blondee123 (Illinois ELECT Adam Kinzinger - http://www.electadam.com/( rid US of marxism!))
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To: Walts Ice Pick

Within a couple of years, catastrophic insurance will not be acceptable to Obamacare - they want full coverage for everyone


13 posted on 10/25/2010 9:20:02 PM PDT by PMAS
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To: Walts Ice Pick
Well, they’re selling catastrophic policies. What statute do you think makes them illegal?

The company I work for is supposedly going to offer them also. We just won't get the official word till next week.

14 posted on 10/25/2010 9:23:00 PM PDT by VeniVidiVici (Defund National Peoples Radio!! Democrats are for free speech. Just not for you.)
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To: Dilbert56

I think the new Republican congress should just defund it.


15 posted on 10/25/2010 9:24:54 PM PDT by 1035rep
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To: PMAS
Well, the world is operating one year at a time. Hopefully, Obamacare won't be here when the day you're talking about comes.

But, Obamacare or no Obamacare, employers are increasingly getting out of the health care insurance business, expecially those companies that have to compete on a global scale. As an individual purchaser of insurance, a catastrophic policy is probably the best way to go for a lot of folks.

16 posted on 10/25/2010 9:26:58 PM PDT by Walts Ice Pick
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To: PMAS
Well, the world is operating one year at a time. Hopefully, Obamacare won't be here when the day you're talking about comes.

But, Obamacare or no Obamacare, employers are increasingly getting out of the health care insurance business, expecially those companies that have to compete on a global scale. As an individual purchaser of insurance, a catastrophic policy is probably the best way to go for a lot of folks.

17 posted on 10/25/2010 9:28:33 PM PDT by Walts Ice Pick
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To: Walts Ice Pick

This was the plan all along to ultimately get everyone moved to government plans and sooner or later you have single payer healthcare - basically crashing the system.
No big company wants to be the first to dump their employees onto gov care, but there will be a lot that won’t mind being second.
I hope you are right and that day never comes


18 posted on 10/25/2010 9:33:07 PM PDT by PMAS
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To: Walts Ice Pick

My federal health care plan for retirees is going up seven percent which sucks, esp. since our retirement checks are frozen at the same rate for three years in a row since SS checks are also frozen, no COLA. Why is no politician talking about that. They want SS rates and federal retiree checks to be frozen because it’s another form of a tax. They let the economy tank just so they could decree, no COLA. They think we’re stupid and will just sit and take it without coming to understand who allowed the economy to tank.


19 posted on 10/25/2010 9:36:00 PM PDT by Ciexyz
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To: bwc2221
The Blue Cross/Blue Shield quote they received for 2011 includes a 59% increase.

And if you can't afford to pay the increase, then you either pay a big fine (which you also can't afford) or you go to jail. We are having our meetings later this week about our coverage. Word is that we are dropping BC/BS and going with Brand-X.

Every time I hear a Democrat brag about how the 'Insurance' bill provides coverage for an additional 30 million Americans, I can just scream. Basically, the bill allows the government to put a gun to the heads of 30 million people who currently choose not to have insurance and force them to get it or go to jail. Ain't fascism great?

20 posted on 10/25/2010 9:36:18 PM PDT by Hoodat ( .For the weapons of our warfare are mighty in God for pulling down strongholds.d)
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To: 1035rep
I think the new Republican congress should just defund it.

I think the new Republican Congress should just defund EVERYTHING!

21 posted on 10/25/2010 9:38:06 PM PDT by Hoodat ( .For the weapons of our warfare are mighty in God for pulling down strongholds.d)
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To: Dilbert56
The Rats are shovel-ready for the dust bin of history.

obama-seesend-1sm

22 posted on 10/25/2010 9:49:33 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: Ciexyz

What’s the chance that the SCOTUS will declare it unconst?


23 posted on 10/25/2010 9:51:20 PM PDT by Waco (From Seward to Sarah)
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To: Dilbert56
Oh, but we can keep the coverage we have - NOT.

You certainly can keep your existing coverage. But you may need to buy the insurance company first.

24 posted on 10/25/2010 11:12:47 PM PDT by Greysard
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To: Dilbert56

We’ve been told to expect our $87/paycheck health care insurance to be increased to approx. $200/paycheck. It’s a good thing Obamacare passed so we don’t have huge increases in our health care costs.....


25 posted on 10/25/2010 11:20:22 PM PDT by FourPeas (Pester not the geek, for the electrons are his friends.)
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To: Dilbert56

It’s happening everywhere.

Higher premiums and less coverage. Why do I feel like I’m getting ripped-off?


26 posted on 10/25/2010 11:32:43 PM PDT by smokingfrog (Because you don't live near a bakery doesn't mean you have to go without cheesecake.)
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To: blondee123

More and more physicians are opting OUT of Medicare. They have been opting out of Medi-Cal(Caid) for years. The only docs who accept it Medi-cal can barely speak English themselves. I still haven’t figured out how they pay their malpractice premiums with such pitiful reimbursement. They get less that $25 for an office visit. You would demand more than that for YOUR skills typing or filing or whatever when that figure has to be shared with an office staff and pay for an office and equipment, etal. I think they will make more as government employees and THEN they can treat you poorly with the full backing of the federal government. Will that eliminate trial lawyers when the doctors are defacto postal workers????


27 posted on 10/25/2010 11:34:09 PM PDT by Semperfiwife (We are in the era of BA-ROKE Mao-bama)
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To: Dilbert56

This will only affect the cost of their American employees, not the Indians.


28 posted on 10/25/2010 11:35:31 PM PDT by Vince Ferrer
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To: FrankR

That’s a great graphic. Extending the car analogy, “you can keep the car you have...so long as you retrofit it with government-mandated super-safety bumpers, video-mirrors, automatic door-openers and run it on a special government-specified blend of fuel that will increase annual operating costs anywhere from 5 to 40% a year.”

The Catch-22 is that even if you don’t care for the official Uncle Sam version of your old car, you’ll have to drive it anyway due to a new mandate requiring everyone of driving age to own a car—whether they want it or not.


29 posted on 10/26/2010 3:17:12 AM PDT by DrC
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To: Walts Ice Pick

The new RATcare law, major portions of which do not take effect until 2014.


30 posted on 10/26/2010 6:04:22 AM PDT by freespirited (This tagline dedicated to the memory of John Armor, a/k/a Congressman Billybob.)
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To: FrankR
Hey! I like Edsels.

Couldn't you have used a Chevy Volt?

31 posted on 10/26/2010 6:40:06 AM PDT by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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To: BfloGuy
Yes, Edsels have become collectible classics, but they weren't always so. I was a teenager when they first came out and they were a disaster for Ford. Edsels have always been to Ford what "Potatoe" was to Dan Quayle.

I could have picked from a list of failed in the marketplace products, but then someone would have came up and been a fan of "new Coke", or "the Gremlin", "the Pinto", or even the "Corvair", etc.

One thing about being a satirists, you're probably going to offend a lot of folks, and some you don't even mean to offend, but that's the name of the game.

I used your suggestion of the "Volt" in another cartoon, depecting a "lemon with wheels", and I got accosted by someone on this board for "demeaning the poor workers who make their living building Volts.".

But, my posters are satire as I see it and that will be understood by the majority of people who view them, so I have to be true to my ideas and convictions on that particular point.

I even did one COMBINING the Edsel and the Volt by putting an Edsel front end on a Volt - I actually thought it improved the looks of it...but, I got slammed because the "Volt" picture I used was an earlier prototype photo (which was all that available when I did the graphic) was not the actual "Volt" that made it to market.

But, if I stopped to consider every, single possible reason that someone in the universe MIGHT possiblybe offended, I'd never get anything done. And being a very NON-politically correct person and loving satire, I do what I do.

Volt BHO


ConEDsel


32 posted on 10/26/2010 8:52:21 AM PDT by FrankR (November 2nd is NOT an election - it's a RESTRAINING ORDER.....VOTE!)
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To: Walts Ice Pick

IBM does offer catastrophic coverage (high deductible plans).

I work for them and am enrolled in this plan.
I just got info on next years premiums and they are increasing 24% for me!

So, IBM does offer it, but it’s going WAY up in price.


33 posted on 10/29/2010 3:44:29 AM PDT by peterp
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To: Dilbert56

Hey, it’s just like Obama promised. If you like your plan, you can keep it.

In a drawer with your other old, expired documents.


34 posted on 10/29/2010 3:49:08 AM PDT by william clark (Ecclesiastes 10:2)
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