May 6, 2010 5:48 PM
Major corporations cutting back on healthcare
Don't say you weren't warned. This nearly 3000 page monstrosity was never intended to give health care to uninsured children. That was just the cover story for easily- manipulated liberals. That would have been relatively simple and inexpensive. The purpose of this bill was a government takeover, and the first stage was set up to push companies away from offering insurance to their employees so the government could be in control of as many as possible"No, they weren't unintended consequences. O&Co knew exactly what they were doing.
Documents reveal AT&T, Verizon, others, thought about dropping employer-sponsored benefits
(Fortune) -- The great mystery surrounding the historic health care bill is how the corporations that provide coverage for most Americans -- coverage they know and prize -- will react to the new law's radically different regime of subsidies, penalties, and taxes. Now, we're getting a remarkable inside look at the options AT&T, Deere, and other big companies are weighing to deal with the new legislation.Internal documents recently reviewed by Fortune, originally requested by Congress, show what the bill's critics predicted, and what its champions dreaded: many large companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government.
That would dismantle the employer-based system that has reigned since World War II. It would also seem to contradict President Obama's statements that Americans who like their current plans could keep them. And as we'll see, it would hugely magnify the projected costs for the bill, which controls deficits only by assuming that America's employers would remain the backbone of the nation's health care system.Hence, health-care reform risks becoming a victim of unintended consequences.
Read it all at Fortune.
Love,
Posted in Obama Nation, Obamacare | Permalink
