In Verizon Strike, Unions Protest Obamacare Law They Supported - LMFAO!!!

[Soul Crusher]

In Verizon Strike, Unions Protest Obamacare Law They Supported
Heritage.org ^ | 8/19/11 | Lachlan Markay



Two unions are on strike against Verizon Communications in protest of proposed company policies that the unions themselves helped bring about. The new Obamacare law, which both unions supported, dramatically hikes the cost of Verizon’s employee health care plan. Efforts to pass some of that cost on to employees have sparked outrage, and now a strike.

Verizon’s health care plan is what President Obama commonly referred to as a “Cadillac plan” – expensive and luxurious – during his push to get health care legislation through Congress. The new law will levy a 40 percent tax on all health care plans with individual coverage worth more than $10,200 and family coverage worth more than $24,000.

Though the tax will not go into effect until 2018, “Verizon is required to account for this cost now,” according to company literature distributed to employees. “Accordingly, we will need to modify plan designs to avoid the impact of this tax.”

Verizon says it current pays $4 billion annually to cover nearly 900,000 employees’ health care. Its hundreds of thousands of unionized employees, though, pay nothing towards their health care premiums. The company estimates the “Cadillac tax” will add about $200 million to those annual costs. “The unions and our employees must work with the company to find ways to address these economic realities,” Verizon insists.


(Excerpt) Read more at blog.heritage.org ...

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LMFAO - i love these stories.   


fucking morons.   I'm glad they are getting hammered.  They voted for this pofs and supported Menglecare.   


screw em. 

[Soul Crusher]

 

[Vince G, CSN MFT]

In Verizon Strike, Unions Protest Obamacare Law They Supported
Heritage.org ^ | 8/19/11 | Lachlan Markay



Two unions are on strike against Verizon Communications in protest of proposed company policies that the unions themselves helped bring about. The new Obamacare law, which both unions supported, dramatically hikes the cost of Verizon’s employee health care plan. Efforts to pass some of that cost on to employees have sparked outrage, and now a strike.

Verizon’s health care plan is what President Obama commonly referred to as a “Cadillac plan” – expensive and luxurious – during his push to get health care legislation through Congress. The new law will levy a 40 percent tax on all health care plans with individual coverage worth more than $10,200 and family coverage worth more than $24,000.

Though the tax will not go into effect until 2018, “Verizon is required to account for this cost now,” according to company literature distributed to employees. “Accordingly, we will need to modify plan designs to avoid the impact of this tax.”

Verizon says it current pays $4 billion annually to cover nearly 900,000 employees’ health care. Its hundreds of thousands of unionized employees, though, pay nothing towards their health care premiums. The company estimates the “Cadillac tax” will add about $200 million to those annual costs. “The unions and our employees must work with the company to find ways to address these economic realities,” Verizon insists.


(Excerpt) Read more at blog.heritage.org ...

________________________ _________________


LMFAO - i love these stories.   


fucking morons.   I'm glad they are getting hammered.  They voted for this pofs and supported Menglecare.   


screw em. 

Let me speak from personal experience.  When Verizon decided to buy Alltel, the first thing they did was hack and slash jobs including mine and my Alltel stock I bought was diluted by Verizon after it was converted leaving me with very little left to show for it

Employees are upset because Verizon raised their health care plan price and blamed it on Obamacare....except that Obamacare has not even been enacted yet.  They are basically collecting 7 years of pure profit from their employees for an expense that will not be incurred for 7 years. 

Its like buying a car and having to wait 7 years to take it off the lot and drive it out.  Health Care is not a lawaway plan and Verizon is just using this excuse to bilk money from the employees and back into corporate bonus.  That's how Verizon works.

[Soul Crusher]

Though the tax will not go into effect until 2018, “Verizon is required to account for this cost now,” according to company literature distributed to employees. “Accordingly, we will need to modify plan designs to avoid the impact of this tax.”