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Report: Companies Are Better Off Dropping Insurance Under Obamacare

TS8 Wrote: May 02, 2012 4:53 PM

This was obvious to anyone with a brain before obamacare was passed.That's why the socialists/dems/progressives/libs didn't see it. Now they're surprised it will happen. I predicted then and still predict 100million or more without insurance after obamacare kicks in. People will lose their insurance at work and will not sign up on their own. You can't put 100 million people in prison for non-compliance.

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pdoyle Wrote: Jul 23, 2012 3:34 PM

This is the stupidest argument against the act that I've heard since the "death panel" BS. Currently, most larger employers offer health benefits because as a group they can get a benefit that is worth more to a prospective employee than they have to pay to get it. It is a way of attracting and retaining good people. Why would a company that currently sees a benefit in providing this benefit when there is NO penalty for not providing it, suddenly decide that it would be a good idea to stop doing so when there IS a penalty? Right now, they can drop coverage and it costs them NOTHING, yet they do not do so. Your premise is that once it costs $2,000/employee to do what they could always do for free, it will be an attractive alternative.

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Report: Companies Are Better Off Dropping Insurance Under Obamacare

Here's further proof that "Patient Protection and Affordable Care Act" was a grand misnomer: the House Ways and Means Committee has released a report revealing that the healthcare reform law provides financial incetives for companies to drop insurance coverage. The employer mandate -- requiring that companies with over 50 employees either offer insurance of a certain value or pay a fine -- actually makes it cheaper for these companies to pay the fine.

The promise that you can keep your plan if you like it? Well...that's not up to you, is it?