Major Corporations Consider Dropping Health Care Coverage
The death knell tolls for health care in America.
For decades, full time workers have depended on health insurance provided by their employers to cover their family’s health care needs.
Then along came Barack Obama and the Democrats who decided that changing history was more important than simply shoring up the financially strapped Medicare and Medicaid system, and changing the rules to allow more Americans to apply.
Now that the health care bill has passed, 4 major corporations (AT&T, Verizon, Caterpillar and Deere) plan to drop health coverage altogether for their employees — and pay a penalty to the government instead.
This action will instantly terminate insurance coverage for millions of Americans who will be forced to negotiate with ruthless insurance companies on their own.
From Hot Air:
Internal documents recently reviewed by Fortune, originally requested by Congress, show what the bill’s critics predicted, and what its champions dreaded: many large companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government. [link]
And remember that mandate to cover “children” until they’re 26-years-old? Critics predicted this mandate would have an adverse effect on companies financially:
It’s not just the calculus of mandates and penalties that has employers considering the option of dumping health care and paying more in salaries instead. The mandate to keep “children” on plans until the age of 26 has employers seeing a steep cost curve. For Caterpillar alone, the 26-year-old mandate will cost over $20 million a year. Under those conditions, the penalties look pretty good. [link]
So what will it cost the government to provide subsidies for the millions of Americans who will now find themselves without company-provided health care? You guessed it: Billions!
Did Obama and the Democrats knowingly seek to destroy our health care system so that insurance companies (and Obama’s financial backers) would profit?
…some of us predicted that the numbers used by Democrats pushing ObamaCare bore little connection to reality — and that it would incentivize employers to destroy the net of employer-based health insurance. It looks like that day is fast approaching, and that’s no myth. It’s a reality that Henry Waxman tried hard to hide from the American public. [link]
Related posts:
- What The Health Care Bill Means To You
- OBAMA FAIL: Dems Threaten To Leave For Recess Without Voting On Health Care
- Buy Health Insurance Or Lose Your IRS Tax Refund
- A Confused Public Asks: ‘Where’s My Free Health Care?”
- JUDGE RULES GOV’T CAN’T FORCE CITIZENS TO BUY HEALTH CARE
17 Responses to “Major Corporations Consider Dropping Health Care Coverage”
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stop freaking reaching!!!!!!! i work for AT&T …they are now making us pay a monthly amnout for our insurance …when for so many years it was totally free …but they are not droppn it …***trust it is still less than what some pay for insurance …the most we will pay for a family of four is 75.00 a mnth …
I don’t get what the big deal is about universal healthcare? America is the only industrialized nation that doesn’t have it and the United States ranks like 38th in the world concerning health care systems. So it’s not like the privatization of health care has made our health care system superior or anything. #justsaying
Also meant to add that my stepmom works for AT&T, there not losing their benefits. Their premiums went up…..
here we go… yall know auntie just straight out dont like OUR PRESIDENT!
Honey boom
Chile please
#thatisall
#carryon
@ Shaniasmom, I use to work at at&t for 10 years before I moved to NYC and they had the best benefits! What state are you in? I was in Cali
***next***
Hello All. That’s right ladies, get Ms. President Hater straight! Obama’s trying to fix this country but it just may be too late. (God help us all.) Now Sandra, give us some juicy, delicious gossip, please! Peaceeeeeeeeeeeeeeee,
This not the Case as far as Verizon..I live in NY I have been working for Verizon for 14years we pay nothing for medical,dental,or vision. It doesnt matter how many children you have.
Thank you ladies for correcting Sandra cuz you know when it comes to our President she is a BIG FAT LIAR!!!
@Al-Ameera , Im in St. Louis ….the benefits r still the best !….i have had jobs where i ws making 10.00 an hour an was payn almost 200.00 in insurance a mnth an that was just me ….so 75.00 is welcome * an that is in 2013 when it reaches that amnt …it will start at 30.00 in 2011, 50.00 in 2012, 75.00 in 2013……so i dnt mind cause it is GREAT insurance ! an they were doing this long before the healthcare plan came into play …businesses are suffering so they are just cutting some cost ..i rather help support my insurnce rather than them CUT my job!
@SHANIASMOMMA, im with you on that…take my insurance anyday, leave the job!
@ Shania, I agree. When I left at&t in 2006 I was paying $22 a month for me and my son. I didn’t even notice that coming out of my check.
St Louis…. did you start when it was SBC? I started when it I was Pacific Bell, then SBC took us over, then SBC acquired at&t and kept the name since it was more known worldwide. I know too much info but I’m bored. I refuse to do any more work for the rest of the day
@Al-Ameera
i started at at&t (selling local service) in 2002 and got laid off in 2004 ….but then i applied in 2006 for the at&t yellowpages an that is where i work presently , but i have never had to pay for my insurance with them …an they won’t start charging us till 2011
i love it ! we get a week off at Christmas paid **it is negotiated in our Union Contract*
No company can just STOP PAYING YOUR INSURANCE. The most they can do is ask you to pay for it.
Like Michael Baisden says ‘That is some Fragglenaggle Bull”
I know Auntie is getting a check from a far right wing support to bash Obama…its disgusting…but hey…gotta make that paper…
Because I REFUSE to belive that a woman who grew up in a country that provides universal healthcare…and a woman who has worked in the healthcare field…goes along with the Republican mandated healthcare status quo which means that corporations take your premiums deny benefits…and people die…doctors can not give you the best care possible because of corporate constraints…and many average citizens are priced out of the healthcare market EVEN IF THEIR JOB OFFERS HEALTHCARE…because they simply can not afford it…
I REFUSE to believe you’re down for the fact that I currently know…approximately 20 people who hasn’t had healthcare insurance or ACCESS to healthcare insurance since CLINTON was President…yet, they work everyday…
Keep cashin’ Murdoch’s checks…