Obamacare

Tagged:  

Freducation-From one of my listeners by e mail - I work for a local company on a 9-10 month per year seasonal basis. This position does not provide health care. So I buy my own.
I recently asked my supervisor how the company was going to handle the mandate to provide health care.
I was told that one of 2 options were being considered.
1) reduce staff as a way to handle the increased per employee cost.
or 2) Keep the same staff but reduce their weekly hours.
Now I see on the IRS web site that health care is only required to be provided to full time employees. Full time is defined as 30 hours or more per week.
It's a no brainer.
Reduce everyone's hours to 29 hours and don't provide health care. A 25% pay cut for me and I still have to purchase health care on my own.
Isn't Obamacare wonderful?
And this also from a Dana letter to their employees -We must also offset increased costs that are placed on us through new laws and regulations. For example, the Patient Protection and Affordable Care Act, also known as “Obamacare,” is expected to cost Dana approximately $24 million over the next six years in additional U.S. health care expenses. This is a cost that our customers are not willing to cover, mandating that we reduce our overhead expenses to cover them.

No votes yet

Obamacare tried like mad to force people to pay insurers. People will adapt and you're not going to like how they'll do that.

The kicker is that even if Romney makes it into the White House, Obamacare won't be repealed. Even if the Senate becomes simple-majority Republican. The Republicans will just claim they can't get past the Democrat filibuster. The real reason is that Republicans are the same sort of rich people that Democrats are, at the federal level, and the insurer money speaks to them much louder than your money does.

I’d really like to know what part of Obamacare is going to cost them more. That said, if Obamacare is going to cost $4 million dollars per year more for Dana’s 24,000 employees that works out $166 per person/per year or $14 per month as they pass the cost on to the employee. I don’t remember a time in the last 10 years that my family health insurance only went up $14 per month year over year. If you are family that uses birth control and now have it covered, you’ll be saving way more than the $14 per month, so it’s a really good deal.

The removal of voluntariness from the equation is probably overpushing the costs. Many businesses are dropping insurance coverage since with the constant 10%+ yearly premium increases are dropping enrollments too much. When everyone in the company is then "forced" to buy in, this produces an extra big chunk of cost on the company side. Essentially a double hit. That sort of sudden increase in costs would make virtually any business seek layoff options. It's not a minor marginal cost.

Lots of people don't understand that the company that sponsors their insurance, is covering the lion's share of the premium costs. The average is 80%. So if you pay $1200/yr in premiums for your company's plan, it's pretty well guaranteed that the company is paying $4800 additionally to reach the real premium for the insurance.

I expect a lot of companies will just drop their plans entirely and pay the "fine" or "tax" or whatever those Democrat snakes are calling it now, per person. A quick googling shows it's $2000 per employee not covered. That's a lot cheaper than the $4800/employee that I quoted above. This is the decision point for businesses. I know I'd be dropping the healthcare plan in that case. Heck, I'd've dropped the plan a decade ago.

Sooooo... Frederick, you knew all this was coming. You can't tell an employer in the US today to simply pay lots more for something and not expect him to start cutting on the employees. Employers have all the power, as it were. Obamacare passed a few years ago. You had to know it was going to make your employer start cutting. So, did you prepare? Did you do anything? Or did you do like most Americans did and are still doing, that being: Borrow and spend like there's no tomorrow?

Thanks for the concern, but I'm good to go.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Good to go... where? To a bankruptcy lawyer?

The question is, did you downsize your lifestyle or not? A simple question, easily supported by the numbers. What are the numbers? What have you cut?

I'm only asking since from my viewpoint, the middle class in Toledo keeps complaining about rising prices and falling wages, and yet they refuse to make their own budget cuts.

In the interest of fairness, I'll tell you what I've cut in the past 15 years of this globalist assault on my life:

1. Health insurance
2. Much of winter heating
3. Eating out, anywhere
4. New clothes of any sort

I've cut all those. So I was able to survive. So what did you cut, Freddie?

One thing we know that fat fuck Freddy didn't cut out was eating! LOL

One thing we know that Fred won't give up is eating.
One thing we know Fred will give up (though no fault of his own), is sex with a woman. LOL

Yep, won't give up eating. I would die if I stopped eating. Haven't had to give up anything so far. Of course Zero assumes in his question that I'm spending money frivolously in the first place and would need to cut back on things like his list. Luckily I've always been frugal and saw this coming some years ago so there's no need for me to cut back. Again thanks for the concern.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Freddie, I assume you're spending money frivolously in the first place since that's what 95% of the middle class does. Statistics ever guides my decisions. That's what sane people do. You might want to give it a try.

Reading back, I notice you avoided telling me any details, sanitized or not. That's what the overspending middle class invariably does when challenged after their usual complaint about budgeting and costs. The curious omission of details only leads me to assume you're doing what most other middle class are doing: Paying bills that you believe are mandatory but which are really voluntary.

Post some details and numbers to prove me wrong.

Man you do a lot of ASSuming.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.