Posted on 11/19/2013 6:31:34 PM PST by 2ndDivisionVet
The chief executive of Abbott Laboratories warned Tuesday that he expects more corporations to drop employee health care insurance as a result of the health care law and some of the taxes it levies over the next five years.
Miles White, an influential health care executive who has led the Lake County-based medical products giant for 15 years, said there are “clear incentives for companies to drop their health care plans and move people onto the exchanges,” referring to the new, online insurance marketplaces created under the Affordable Care Act where consumers can compare and purchase private health plans, often with the help of federal tax subsidies.
“I can tell you that the employees of Abbott or AbbVie (the pharmaceutical firm Abbott spun off in January) are going to be pretty unhappy about that, you know, if we did that,” he told members of the CFA Society of Chicago, an association of investment analysts, at a luncheon.
Companies with more than 50 full-time workers that don’t provide coverage face penalties starting at $2,000 per worker in 2015, far less than the cost of providing coverage...
(Excerpt) Read more at chicagotribune.com ...
This will be the hydrogen bomb that explodes on Obamacare. We’re looking at 50-100 million people losing their current plan. Many of those are young and healthy, and guess what kind of deal the young and healthy get on an exchange?
The individual mandate is like a preseason game. The employer mandate is the Super Bowl. Obamacare hasn’t even begun to reveal its awfulness.
Kill it now. It is long past time to simply scrap 100% of obamacare and go for some real reforms.
But at least the poor will have coverage! (bh0 promised us that and so did princess Pelosi!) Death to the bourgeoisie scum! (whoops, French Revolution, not ‘transforming Amerika’ propaganda.)
(the above is sarcasm.)
I can see the headline in the A.M. papers.
“White employers to scrap health plans under Obamacare.”
Let the racism charges commence.
This will take $300-$400 of spendable income away from the working family. Net result: a poorer American working class. The LIV takers won’t care since they will be getting free insurance and medical care.
Are there more of them(takers) than us(working class Americans)? That is the question.
Is there no other way to buy insurance other than Obama’s exchange?
I am not about to go to that website and lay my Identity open to theft. I will buy insurance elsewhere.
It needs repealed but much damage has already been done. It will take a long time to stuff the genie back in the bottle IF it is repealed and even IF something good actually replaces it.
We might want to start a thread regarding this. I’ve heard rumors Fidelity in Boston is looking at doing this.
No, as I understand it, unless you have an already approved plan or system (VA, Medicare, Medicaid) you must enroll through the ACA exchanges. Anyone here know more?
I’m not enrolling into anything next year! F this government!!!
>>This will take $300-$400 of spendable income away from the working >>family.
Because 80% of our economy is consumer based, this will cause a domino
effect, which is exactly what 0 had intended. Never let a crisis go to waste,
Even if it is one u caused.
(I believe we qualify for a subsidy but I don't want to go that route. We are self-employed and refuse to get on the Gov't dole,)
Our HR director had this same talk with us. Cheaper to send us to the exchange and pay the penalty. If our peers start doing it and they don’t have to offer private health plans to retain talent, that’s what is going to happen.
So what’s got into the ChiTrib lately? Just a couple of days ago they ran an editorial recommending complete repeal of KommieKare.
“Is there no other way to buy insurance other than Obama’s exchange?”
You can buy direct from the exchange providers for your state. Supposedly you can go to healthsherpa.org to see what the plans are and what they cost.
The current disadvantage of direct purchase is that if you’re eligible for a subsidy, they can’t give it to you. But don’t worry, Obama is working on fixing that (he says sardonically).
You can buy direct from the exchange providers for your state. Supposedly you can go to healthsherpa.org to see what the plans are and what they cost.
The current disadvantage of direct purchase is that if you’re eligible for a subsidy, they can’t give it to you. But don’t worry, Obama is working on fixing that (he says sardonically).
This is exactly what my husband’s company is doing - we already received our cancelation notice in Sept and we have to meet on Dec 2nd for a Health Insurance meeting where “ACA Navigators will be on hand to assist us” meaning we are getting dumped into the system. His company is a POS so this was expected - they are most likely going to pay the penalty and we will be left to fend for ourselves in the black hole of Obamacare.
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