Saturday, May 05, 2012

And Congress didn't see this coming?

71 Percent of Top Companies Could Drop Insurance Under Obamacare

( – 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.


In spite of Obama's numerous claims that "that we could keep our current health care plans" I knew this shit was going to happen.
When you offer Big Business a cheaper alternative (in this case paying the penalty) to something, they're going to take it. That's how they became big and how they stay big - by making decisions that can save them money.
I don't work for a Fortune 500 company but I can damned sure bet you that my health benefits are going to go out the window when our contract is up.


tucsondon said...


Brock Townsend said...

Posted. Of course, Hussein continues with his lies.

White House Warns Supreme Court Not to Overturn Obamacare

Anonymous said...

I work for a health care company....I was talking with a co worker and postulated this very senario.....she being the good brain dead progressive said, "they would never do that!"
I tried to explain that the company would save 9.5 million dollars with this tactic....her eyes glazed over.....wonder why I get the urge to go Galt!?!?


Sevesteen said...

What percentage of those same companies could drop coverage right now, without even paying a penalty? There are lots better arguments against Obamacare.

wirecutter said...

Because if those companies did that right now they'd have a fucking rebellion. We're talking Fortune 500 companies here. These are the companies that make our economy work. They shut down, the country shuts down.

I belong to a union and taking our benefits is a strike issue. Last time we struck (in 2000, over health benefits) my company took a 65 MILLION Dollar loss in revenue and that was over a 47 day walkout.
That's a hell of a lot more than they would lose in fines.
That's why.

Sevesteen said...

That's a hell of a lot more than they would lose in fines.

So once exchanges are in place, your union will roll over and accept benefit cuts? I don't think so.