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Documents reveal AT&T, Verizon, Caterpillar and Deere are considering droping health care coverage

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Old 10-25-2010, 10:23 AM   #1
firstdown
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Re: Documents reveal AT&T, Verizon, Caterpillar and Deere are considering droping health care coverage

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Originally Posted by mlmpetert View Post
Employers looking at health insurance options - Yahoo! News

WASHINGTON – The new health care law wasn't supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations.

But last week a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health care by shifting workers into taxpayer-subsidized insurance markets that open in 2014.

While it's too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes.

"The economics of dropping existing coverage is about to become very attractive to many employers, both public and private," said Gov. Phil Bredesen, D-Tenn.

That's just not going to happen, White House officials say.

"The absolute certainty about the Affordable Care Act is that for many, many employers who cover millions of people, it increases the incentives for them to offer coverage," said Jason Furman, an economic adviser to President Barack Obama.

Yet at least one major employer has shifted a greater share of plan costs to workers, and others are weighing the pros and cons of eventually forcing employees to strike out on their own.

"I don't think you are going to hear anybody publicly say 'We've made a decision to drop insurance,' " said Paul Keckley, executive director of the Deloitte Center for Health Solutions. "What we are hearing in our meetings is, 'We don't want to be the first one to drop benefits, but we would be the fast second.' We are hearing that a lot." Deloitte is a major accounting and consulting firm.
I said all along the goal of the Dems and the health care bill is to shift as many people from private health ins to the federal plan. After they get enough people then its just a matter of time until they push for a one payer goverment health ins.
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Old 10-25-2010, 12:14 PM   #2
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Re: Documents reveal AT&T, Verizon, Caterpillar and Deere are considering droping health care coverage

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I said all along the goal of the Dems and the health care bill is to shift as many people from private health ins to the federal plan. After they get enough people then its just a matter of time until they push for a one payer goverment health ins.
In all honesty one of the major issues with our current system is that it ties insurance to employment. It is a unnecessary encumbrance on the system in my opinion.
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