I had a conversation with a liberal a few months ago about Obamacare. I kept asking for him to explain how we’d pay for it, he kept telling me how he was excited a lot of underprivileged people would now have health care. I never got an answer and, needless to say, the “debate” went nowhere.
Well, under the guise of “redistribution of wealth“, it now looks like we’ll have a brand new group of underprivileged folks – those who have worked hard to have health care, and will soon have it stripped from them. Read on…
Nearly 150 million Americans now rely on company-provided healthcare benefits, and the price of those benefits has doubled in the past decade. The average cost to a large company of covering an employee with a family is now $15,745 a year, and could soar to $20,000+ by 2016.
Under the (Un)Affordable Care Act, employers with more than 50 workers will eventually have to pay a fine of $2,000 for each employee if they don't provide coverage, but many could decide simply to pay the fine rather than pay for employees' coverage, according to The Economist.
So much for President Obama's promise that "if you like your healthcare plan, you can keep your healthcare plan."
A 2011 survey found that 30 percent of employers would "definitely or probably" drop coverage after 2014. This was later seen as extreme, and subsequently reduced to closer to 10%. But, 10% is still a lot of businesses.
Another survey also found that more than 45 percent of companies with fewer than 500 workers are considering adopting a "defined contribution" healthcare scheme, whereby employees receive a fixed sum to spend on health insurance rather than company-provided coverage.
Defined contribution plans make employers' costs more predictable and employees more conscious of costs. But the danger, The Economist observes, is that employees will "delay seeking essential treatment for fear of the bill," which "could leave companies with a sicker, less productive workforce."
- Senator Says We Should Sacrifice Obamacare To Avoid Sequester(huffingtonpost.com)
- Need to Vent About Obamacare? Try These Portals(news.terra.com)
- Obamacare Fail: CBO Predicts Drops in Health Coverage(blogs.the-american-interest.com)