More evidence Obamacare will cost us trillions
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.
4 Comments
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?Well well SOS this is quite a big surprise huh? Whoda thunk OBAMACARE was going to cost all of us <especially those that work> a a big chunk of money? I think we may need to spread the word.
I think we need an Occupy Congress movement.? I’d love to see a bunch of tents and filthy people smoking dope in the Rose Garden!
The path of least resistance is a law of physics.? If an employer can be hit with a $2,000 bill for not insuring an employee and opt-out not to deal with the headaches involved in private insurance [continually shopping for less expensive policies, explaining and transferring employees over from one private plan to another …etc] you BET the employer will take the hit for $2k and dump it on the laps of the ObamaCare.? I remember one year my employer changed medical plans 3 times.? I never had so many conference calls over the “new direction” we were heading in with the New Plan [medical package] in place.
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Now, we’ll have ObamaCare.? It will be run by hundreds of thousands of Federal, State and Municipal employees specially trained in specific areas of medical care and management.? There will be huge brand new office erected in city horizons across this great nation.? It will run like a clock.? It will be the NEW ORDER!
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You have to excuse me now, I’m due back down on earth.? If anyone thinks for a second that ObamaCare won’t cripple this economy …just take a look toward what europe is trying to shed itself from!
Meanwhile, Zero wants to cut travel by federal employees and stop “swag”, coffee cups and trinkets given to whomever, and we get stuck paying billions.