Conservatives raised myriad concerns that Obamacare would raise costs, impose prohibitive penalties on providers, raise premiums, force every American to purchase a product, force every American business to provide a product, explode our spending, slash benefits... I could go on.
Advertisement
It comes out today that a few different major corporations explored the cost-benefit analysis between providing for extra benefits to employees or dropping coverage altogether, paying the penalty and halting their employees' heath care benefits.
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.The major companies don't consider this as some kind of "evil corporate protest" against Obamacare. It's because Obamacare will make health insurance and care more expensive for everyone, and it incentivizes employers to drop their health care coverage.
Join the conversation as a VIP Member