I don’t think this has anything to do with ObamaCare. These companies simply can’t stay in business if they are paying exorbitant medical insurance bills for people who are no longer productive (or even unproductive) employees of the firm.
It has everything to do with Obama care. Companies are being shielded from the consequences of their earlier bad decisions and represents a breach of trust between them and the employees they agreed to provide insurance for.
You want to know why there is age discrimination....Health care costs are a big reason....Decouple medical insurance from employment, and I suspect a lot of age discrimination also goes away.
Also offshoring, a company doesn’t have to worry about paying medical insurance for Sanjay in Mumbai.
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.