health

Almost one in ten employers to drop health insurance coverage under Obamacare

Tuesday, July 31, 2012 by: J. D. Heyes
Tags: employers, health insurance, Obamacare

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
BACK INTO THE CLOSET: Why U.S. reporters are not allowed to write about rainbow events in nations where being gay is still condemned
Depopulation test run? 75% of children who received vaccines in Mexican town now dead or hospitalized
A family destroyed: Six-month-old dies after clinic injects baby with 13 vaccines at once without mother's informed consent
Biologist explains how marijuana causes tumor cells to commit suicide
INVESTIGATION: Three days before Dr. Bradstreet was found dead in a river, U.S. govt. agents raided his research facility to seize a breakthrough cancer treatment called GcMAF
BOMBSHELL: China and America already at war: Tianjin explosion carried out by Pentagon space weapon in retaliation for Yuan currency devaluation... Military helicopters now patrolling Beijing
Companies begin planting microchips under employees' skin
BAM! Chipotle goes 100% non-GMO; flatly rejecting the biotech industry and its toxic food ingredients
Chemotherapy kills cancer patients faster than no treatment at all
ECONOMIC SLAVERY FOR ALL: While we were distracted with the Confederate flag flap, Congress quietly forfeited our entire economic future via fast-track trade authority
NJ cops bust teenagers shoveling snow without a permit
McDonald's in global profit free fall as people everywhere increasingly reject chemically-altered toxic fast food
March Against Monsanto explodes globally... World citizens stage massive protests across 38 countries, 428 cities... mainstream media pretends it never happened
Italian court rules mercury and aluminum in vaccines cause autism: US media continues total blackout of medical truth
SCOTUS same-sex marriage decision may have just legalized the concealed carry of loaded firearms across all 50 states, nullifying gun laws everywhere
Orthorexia Nervosa - New mental disorder aimed at people who insist on eating a clean diet
Vicious attack on Dr. Oz actually waged by biotech mafia; plot to destroy Oz launched after episode on glyphosate toxicity went viral
Nearly every mass shooting in the last 20 years shares one surprising thing? and it's not guns
Delicious
(NaturalNews) One of the elements of Obamacare critics have been most vocal about is the so-called government-sponsored "insurance pools" the law creates. Now that it's largely been upheld by the U.S. Supreme Court, these pools will soon become a reality.

So what? That's the basis of the law, to provide insurance for everyone, correct?

Yes, but not necessarily the type of insurance you want. Or that you have now, say, through your employer.

One of the law's selling points uttered by everyone in the administration paid to defend it, especially the president himself, promised Americans they could keep their current health insurance.

In his Weekly Address on August 15, 2009, Obama said of his health care proposal, "First, no matter what you've heard, if you like your doctor or healthcare plan, you can keep it."

That was then. By July 2012, the administration was singing a different tune, admitting that, "as a practical matter, a majority of group health plans will lose their grandfather status by 2013."

That includes, of course, that employer plan you love so much.

Wait - Weren't you supposed to be able to keep employer insurance?

The Federal Register, dated Thursday, June 17, 2010, notes that the "mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013."

Essentially, the administration put employer health plans in a box. As the Heritage Foundation explains, if employers "make changes to their plans to control increasing costs, they will lose their grandfathered status. Alternatively, if they keep grandfathered status by not making changes, their plans will eventually become unaffordable, forcing them to give them up. Either way, their employees will eventually lose their current coverage."

That is, in fact, already happening.

According to consulting company Deloitte, one in ten employers have said they will drop health coverage when key elements of the high court-upheld law take effect in fewer than two years.

In a report by The Wall Street Journal, nine percent of companies expect to drop coverage within one to three years. 10 percent weren't sure. And while 81 percent said they would continue to offer health insurance benefits, remember that many companies a) may still be planning on a repeal of the law if enough Obamacare critics are elected to Congress; and b) have yet to see the exact costs of offering that coverage (remember Nancy Pelosi's now infamous line: "We have to pass the bill to see what's in it.").

According to Deloitte, one in three employers said they could stop offering coverage if the law requires them to provide more generous benefits than they already do, if taxes on high-cost plans kick in around 2018, as they are currently scheduled to do, or if they decide it would be cheaper for them to pay the penalty (or is it a tax?) for not providing health insurance.

Small businesses won't be fined, but those with 50 or more employees will have to pay $2,000 for each one if they don't provide them with coverage.

The bottom line is this: Obamacare, by its very design, aims to diminish private-sector health coverage so as to channel you into a government-run system.

Gaggle of 'penalties,' taxes

Overall, health care costs, even the most optimistic analysts note, are not likely to decrease much because of the so-called Affordable Care Act. Many, in fact, expect costs to continue to rise. And while the government's portion may fall, yours won't.

In fact, the Congressional Budget Office's calculations found:

-- The "penalty payments by uninsured individuals" (which Chief Justice John Roberts called a "tax") will cost citizens $55 billion a year

-- The "additional hospital insurance tax" is the largest increase - $318 billion annually

-- Another $216 billion from something called the "associated effects of coverage provisions on tax revenues"

-- A "reinsurance and risk adjustment collections" provision brings in another $184 billion

-- Fees on certain manufacturers and insurers generates another $165 billion

-- A tax on high-excise insurance plans reaps an additional $111 billion

All told, this one law confiscates a trillion dollars from the private sector, to feed the Leviathan and implement one more step in the "cradle-to-grave" approach of controlling your - and your kids' - lives.

Sources:

http://www.washingtontimes.com

http://www.cbsnews.com/stories/2009/06/15/politics/main5090277.shtml

http://www.youtube.com/watch?v=1LRcLMScEqo

http://blog.heritage.org

Follow real-time breaking news headlines on
Employers at FETCH.news
Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.