Survey: Employers consider ending health coverage


By Bob L.                  
Sun.8-14-11
I can understand where these Companies are coming from, but in most cases they brought it on them selves, you see they are just like the Insurance Companies, they want bigger pay checks, so where does the cut start, it starts with the working class, so they can get bigger PROFITS, and bigger Profits mean bigger Pay that they can give them selves and Stock Holders, have you seen any cut in their pay in this time of disaster, you have not seen the Federal Government give up their pay, from either their millions or Government pay, they have not given up their Free Health Insurance and start using what the Americans are having shoved down out throats.

As you can see these Companies, Governments, and Insurance Companies have caused the problem, and to begin with The Government and these Companies watched this happen and did nothing about it, so just like any one who has a chance, will take advantage of it if no one puts a stop to it, they call it doing business, taking advantage of it when ever you can, and see there is no competition when the government limits where they can operate, so this means it makes a monopoly, (watch Obama and his Czars bring in Foreign Owned Companies to replace American Companies).

Now we come to all these YUPPIES and RICH that want every thing that has caused prices to go up, now here is where the fun starts, YUPPIES and Rich just had to have Tummy Tucks, Face Lifts, Big Butts, Big Lips, Botox Injections, Liposuction, New Boobs, and NOW the new thing, if I don’t get my Marijuana fix I will DIE, NONE of this has any thing to do with health, and why should the American people have to pay for what the RICH, and YUPPIES have added to insurance premiums which have added to the price of Health Insurance, because they don’t want to pay full price to have all this crap done, they wanted others to help pay for it.

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AP
By TOM MURPHY – AP Business Writer
Wed.08 24 11

INDIANAPOLIS (AP) — Nearly one of every 10 midsized or big employers expects to stop offering health coverage to workers once federal insurance exchanges start in 2014, according to a new survey from a large benefits consultant.

Towers Watson also found in a survey completed last month that an additional 20 percent of the companies are unsure about what they will do.

Another big benefits consultant, Mercer, found in a June survey of large and smaller employers that 8 percent are either “likely” or “very likely” to end health benefits once the exchanges start.

Employer-sponsored health insurance has long been the backbone of the nation’s health insurance system. But the studies suggest that some employers, especially retailers or those offering low wages, feel they will be better off paying fines and taxes than continuing to provide benefits that eat up a growing portion of their budget every year.

The exchanges, which were devised under the health care overhaul, may offer an alternative for their workers. These exchanges aim to provide a marketplace for people to buy insurance that can be subsidized by the government based on income levels.

A large majority of employers in both studies said they expect to continue offering benefits once the exchanges start. But former insurance executive Bob Laszewski said he was surprised that as many as 8 or 9 percent of companies already expect to drop coverage a couple of years before the exchanges start.

Such a move comes with potential payroll-tax headaches and could subject firms to fines. It also would give their employees a steep compensation cut if companies don’t raise pay in exchange for ending coverage.

“Dropping coverage is going to be very difficult for these (companies) to do,” said Laszewski, a consultant who was not involved with the studies.

Towers Watson’s Randall Abbott said the survey results should be seen as a snapshot of how companies are thinking now. They can’t be viewed as a final decision because there are still many unresolved variables. No one knows what the exchanges will be like or whether consumers will accept them, and companies may change their thinking once they learn more about the overhaul.

The health care overhaul also faces court challenges, and President Obama is up for re-election next year, two more variables that could shape what happens in 2014.

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Categories: America, Democrats, Health, Money, People, Politics, Republicans, safety, Taxes | Tags: , , , , , , | Leave a comment

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