Do you remember when Mike Duke, CEO of Wal-Mart, in early 2009 became a big supporter of Obamacare? His endorsement was co-signed by, among others, Andy Stern of the SEIU. This was really no more than Wal-Mart throwing a bone to the unions. But, now, that bone has been taken back.
In mid October Wal-Mart announced that new part-time workers working less than 24 hours per week would no longer be eligible to enrol in the company’s group insurance plan. It also announced that those that are covered will see their premiums and deductibles rise next year by as much as forty percent.
The company says that none of this is due to Obamacare. But, unless keeping your child on your policy until he or she is 26 years old is actually “free” to the company, or “free” annual physicals with no deductible and no co-pay is actually” free” to the company, the few pieces of Obamacare in effect today have certainly contributed to the problem.
When the full brunt of Obamacare takes effect, with all of its mandated coverage, more and more employers will cease offering group plans to their employees, and, more to the point, to their low wage employees. Which means that more and more low income Americans will now need to receive a subsidy from the government to purchase the mandatory insurance. Which means that Obamacare will cost all taxpayers far more than estimated.
No, Virginia, there is no Santa Claus. Obamacare has made it impossible for you to keep your insurance even if you like it.
And, the taxpayers will pay dearly for this.
Just pull harder.