A report from the House Ways and Means Committee finds that 71 of the
nation’s top 100 companies would find it far more economical to drop
their health care plans and simply pay the penalty for not complying
with the Obamacare employer insurance mandate.
The report, published May 1, surveyed 71 of the 100 companies in the
Fortune 100 list of large corporations and finds that all of them would
save considerable amounts of money by dropping their health care
coverage instead of complying with the Obamacare insurance mandate.
“According to data provided by the 71 Fortune 100 companies that
responded to the inquiry, they could save a total of $28.6 billion in
2014 alone if they stopped offering health insurance to their U.S.
employees and instead paid the employer mandate penalty for not doing
so,” the report said.
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The other 29% are exempt from Obama care they are unionized.
ReplyDeleteSince the threat of obamacare companies like Food Lion here in Salisbury have been cutting hours to less than 35 p/wk and hire additional employees to fill in, so they pay zero benefits expect to see this more and more.
ReplyDeleteIt makes financial sense for companies to drop coverage all together and take the one time fine. Obamacare was designed to do exactly this, in order to quickly get to a one payer system. It'll be overturned and struck down in it's entirety though, so no worries.
ReplyDeleteIf government is now in charge of the health of your body who actually owns it?
ReplyDeleteI'm an employer and have no idea why I should double as an insurance broker. I do construction. I can build you a house, add to yours, remodel your bathrooms and kitchens. What rule on earth makes that agenda force me to shop for and sell you a health insurance policy any more than shopping up a proper family vehicle for you and your family? I have my trade, health insurance companies and car salesmen have theirs. Case closed.
ReplyDeleteAre they 4:30? The way I understood it and I may be wrong, but unions and corps may be exempt but the individuals working are not, so they would still be required to purchase insurance without union/employee contribution, in other words completely out of their own pockets.
ReplyDeleteI agree with you Bullard. Employers don't engage in obtaining car insurance; why should they be responsible for your health insurance?
ReplyDeleteSince car insurance is not regulated the same as health insurance, those costs are quite reasonable, you can shop around for the best deal and pick the coverages you want, etc. They even advertise for your business on TV, and other places as well.
If the Gov't just got out of it altogether, allowed you to shop where you wanted to (across state lines), etc. I believe that costs would dramatically drop.
SO 6:31 you could care less about your employees, and probably screw people you build for right cause its all about bottom line and your boats and houses...
ReplyDeleteLOL
You related to other builders who profited off everyone with substandard properties
Hey, 918p, stop by 30423 Bennett Rd in Salisbury Maryland and see my huge 1400 square foot McMansion that the bank still owns most of and my vast collection of one 14 foot john boat with a 2 hp 1961 Johnson. Since you obviously don't know me like others do, your comment holds no water.
ReplyDeleteThe bottom line is if people were responsible and made buying health insurance a priority when they were 18 yrs old it wouldn't be out of reach for most people when they get older. I've been buying my own for 30 years now. Of course the premiums have increased but I still only pay less than $200 a month for excellent coverage.
ReplyDelete9:18 sounds ill informed as most small businesses can't afford to pay for employees health insurance esp businesses where employee tend to come and go. An overwhelming number of small business owners only are making approx $40,000 themselves for 40-50-60 hour work weeks and manage to pay their families health insurance out of that.
My first job I made $3.35 an hour and still managed to make the $60 insurance premiums. I guess some of us are smarter with money than others................
9:18, No it's all about small business owners not being able to afford to pay employees heath benefits. Most would love to be making that kind of money that they could afford to do so.
ReplyDeleteBut if you get right down to it the ONLY thing an employers owes his employees is a paycheck-get it! You sound like an Entitlement Freeloader kind of person who thinks you are always owed something. Pay your own health insurance like millions and millions of other people do. It's not a hard thing to do if you are a responsible smart person. Now if you screwed up your own life by not making working and saving and having multiple children you couldn't afford to begin with then you are just dumb.
Hey, I'm in a very large union, and pay more for my insurance then I would pay if I bought it on my own. I have no option not to and it cost me nearly $300.00 per pay check and thats 1/3rd of it, my employer pays nearly $1,200.00 in subsidy for my insurance. It was a part of the contract that I signed to take the job so I had to agree. If the government goes with the socialist nations and institues national insurance, then I will make money, and with the subsidy that is not being paid on my behalf, hopefully they will give that to me, and not pad their bottom line.
ReplyDelete