Posts tagged with: health insurance

Just like this poor couple trying to buy a bed, we are finding out that Obamacare is a gigantic debacle, but “otherwise perfectly all right.” It’s health care, done by Monty Python’s Flying Circus. Look at the facts:

money health careAccording to Fox News, Debbie and Larry Underkoffler, owners of North Georgia Staffing, are considering paying government-imposed penalties rather than offering Obamacare to temporary employees. The couple offers excellent health care to their full-time staff, but with hundreds of temporary employees, the cost of offering health insurance could sink their business.

[U]nder ObamaCare, the Georgia company now faces a tough choice — cover all of its temporary workers as well, or pay a hefty fine.

Aside from its full-time staff, the company also manages about 400 temporary workers, and is hoping to add another 200 in the next year. Those employees can buy into a separate health insurance program North Georgia Staffing signed up with. Under new ObamaCare rules, many of those “temps” will count toward the Underkoffler’s full-time staff.  Larry Underkoffler calculates their full-time employee count will instantly surge from 18 to around 200. They will go from boutique operation to “major employer” overnight. (more…)

Blog author: ehilton
posted by on Monday, September 16, 2013

ekgObamacare, the popular name for the Affordable Health Care Act, continues to find opposition from both individuals and states. The act is scheduled to take effect on October 1, 2013 for most of the country, but a USA Today/Pew Research poll finds that 53 percent of Americans polled oppose Obamacare. The numbers are even lower when one accounts for political parties.

Overall, just 13% of Republicans and Republican-leaning independents approve of the law while 85% disapprove. Fewer than half of all Republicans and Republican leaners (43%) want elected officials who oppose the law to do what they can to make it fail; 37% say they should try to make it work as well as possible.

53% disapprove of the health care law, the highest level since it was signed; 42% approve. By an even wider margin, intensity favors the opposition; 41% of those surveyed strongly disapprove while just 26% strongly approve. Fifty-three percent disapprove of Obama’s handling of health care policy, an historic high.

(more…)

Delta Airlines has announced that it foresees a spike in health care costs for the company to the tune of $100 million a year. A Delta executive, Robert Kight, has said that fees associated with Obamacare will be costly, but won’t likely be more health care costsbeneficial than what the company’s employees now have.

One of the costly items pertains to an annual fee of $63 per “covered participant” next year. The company estimates this means a more than $10 million expense in 2014. The catch for Delta is that, because many of their employees insure through Delta, the fee meant to help subsidize the health care law’s coverage amounts to a “direct subsidy” from the company that provides “zero direct benefit to our participants,” Kight said. (more…)

Obamacare – or the Affordable Care Act (ACA) – is meant to give everyone in America the best access to the best health care. But things aren’t looking so good. As we get closer to its onset, it’s becoming clear that there will be fall-out. little girl with medsEmployers (especially small-to-medium size businesses) are looking for ways to handle the onslaught of costs Obamacare will bring; one way is to offer healthcare ONLY to employees, leaving employee families out of luck, and insurance.

Mike Shoop, who owns a debt collection agency and employs 150 full-time employees, says he’s generous with employee salaries, but there are limits to how much the company budget can handle. (more…)

Referring to the Affordable Care Act, chairman of the Senate Finance Committee, Max Baucus (D-Mont.) stated earlier this year, “Unless we implement this properly, it’s going to be a train wreck.”

And indeed, from looking at the Obamacare implementation timeline alone, the law seems to have gotten off to a shaky start. The implementation of the so-called employer mandate, which would require businesses with more than 50 workers to offer insurance to all full-time employees, or else pay a fine of $2,000 per worker, has been delayed until after the 2014 midterm elections. And in late June, the Obama Administration announced another delay when it pushed back the August 1, 2013 deadline of requiring religiously-affiliated non-profits to comply with the mandate to provide coverage of contraceptives, to the beginning of next year.

Time can prove valuable and as the impending “train wreck” of Obamacare gathers momentum, more and more good, free-market alternatives are beginning to take shape.

One such approach will soon be discussed in the Michigan Senate. Last week, the Senate Government Operations committee voted to send two pieces of legislation, which would create a free-market alternative to Medicaid expansion, to the full Senate for consideration by the Chamber. “Senate Bills (SB) 459 and 460, introduced by Sen. Patrick Colbeck (R-Canton) and known as the Patient-Centered Care Act, would enact a patient-centered healthcare plan that expands access to quality care without expanding government,” according to a statement released last month. (more…)

umcWhen the Obamacare legislation was rushed through Congress in 2010, Bishop Gregory Palmer, president of the Council of Bishops for The United Methodist Church (UMC), said he “rejoiced” at the passage of the bill because it aligns with the denomination’s values. But now, many Methodists bishops — and other Christian clergy — are wishing they hadn’t waited for the bill to pass to find out what was in it.

According to a statement released by the UMC’s General Board of Pensions and Health Benefits, clergy and lay employees of United Methodist churches may soon lose their health care coverage due to some coming Obamacare provisions:

(more…)

The official White House website says that all Americans will now have access to affordable medical care, and that small business owners need not worry about rising costs:Unemployment-line-640x245

The proposal will also provide tens of billions in tax credits for small business owners to make insurance coverage more affordable. Small businesses will also have a new option of purchasing insurance through the exchanges. By pooling their resources in the new insurance marketplace, small business owners will lower their costs and have the same choices that big corporations and unions enjoy.

That’s all well and good, but as the National Bureau of Economic Research sees it, we may end up with less people working. In a paper published this month, three of the think tank’s researchers concluded, “Our results appear to indicate that the soon-to-be-enacted health-care reform may cause substantial declines in aggregate employment.” What does that mean? Small businesses aren’t going to go for the “pooling” option; they’ll just hire less people, and provide less people with health insurance. (more…)

If the National Bureau of Economic Research is to be believed, Obamacare stands to cause more than 1 million Americans to shift from work to welfare. Why? America will lose an abundance of low-paying full-time jobs to relieve employers ofoperation-game health-care cost burdens. The Wall Street Journal recently reported:

[A] number of restaurants and other low-wage employers say they are increasing their staffs by hiring more part-time workers to reduce reliance on full-timers before the health-care law takes effect.

“I’d be surprised if the Affordable Care Act didn’t have something to do with” the pickup in part-time hiring, said Paul Dales, senior U.S. economist at Capital Economics. “Companies don’t want to pay for health care unnecessarily if they can avoid it, so they’ll try to avoid it.” However, he said “the effects will be harder to discern in the data.”

(more…)

screen-shot-2013-07-02-at-5-02-09-pmBoth the working poor and small businesses got some welcome, albeit temporary, news yesterday: the Treasury Department announced it is delaying what’s called the “employer mandate” under the Affordable Care Act until January of 2015.

That mandate requires companies with more than 50 full-time employees to offer health insurance or pay a $2,000 penalty. Most businesses with more than 50 employees already offer insurance, but smaller companies and startups often cannot afford the cost.

Even some supporters of Obamacare admit this mandate was a bad idea. As the Washington Post‘s Ezra Klein says, “it creates an incentive against hiring more full-time workers, and for cutting the hours of some of the full-time workers you already have. This was obvious from the day it was introduced.”

(more…)