Author Topic: 3 of 10 employers will stop offering health care benes due to ObamaCare by 2014  (Read 5006 times)

Soul Crusher

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June 6, 2011, 2:40 p.m. EDT
Firms halting coverage as reform starts: survey
30% of companies say they’ll stop offering health plansStories You Might Like
By Russ Britt, MarketWatch
http://www.marketwatch.com/story/firms-halting-coverage-as-reform-starts-survey-2011-06-06





LOS ANGELES (MarketWatch) — Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows.

While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will “definitely or probably” stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.

The survey of 1,300 employers says those who are keenly aware of the health-reform measure probably are more likely to consider an alternative to employer-sponsored plans, with 50% to 60% in this group expected to make a change. It also found that for some, it makes more sense to switch.

Click to Play  Are profit forecasts too optimistic? A 4% economic-growth rate for 2011 now looks like a pipe dream. In that case, assumptions about corporate earnings may be high, especially with the Federal Reserve's latest bond-buying program winding down. Kelly Evans discusses.
“At least 30% of employers would gain economically from dropping coverage, even if they completely compensated employees for the change through other benefit offerings or higher salaries,” the study says.

It goes on to add: “Contrary to what employers assume, more than 85% of employees would remain at their jobs even if their employers stopped offering [employer-sponsored insurance], although about 60% would expect increased compensation.”

A number of competitors will emerge in the insurance market once reform provisions start to take effect, according to the McKinsey Quarterly study. These firms will be needed to provide a transition for those moving from employer-sponsored insurance to other coverage options.

Insurers will have to adapt to new realities and look for ways to keep the policy holders they have, the study says, but that shouldn’t be difficult. “Our research shows that more than 70% of employees would stay with their insurer if it offers a seamless transition and appropriate products. Each payer also must understand how changing employer-benefit strategies will shift the risk profile of its membership and set prices appropriately.”

Russ Britt is the Los Angeles bureau chief for MarketWatch.

Kazan

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Just face is 333 Obama is kicking you ass!
Healthcare reform aka Obamacare is kicking your ass!


















 ;D
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Soul Crusher

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This is why I really hate those who still support obama.    If you support obama you support collapsing the nation. 

Soul Crusher

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For all you dipshits who complain about discussions of wiener , fox news, palin, etc and want to talk issues - lets discuss this morons.   


kcballer

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Medical Insurance shouldn't be tied to employers as it is.  That's a dumb idea for both parties. 
Abandon every hope...

kcballer

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The sooner we move to a single payer system and have health insurance not tied to employment, the better.



Abandon every hope...

Soul Crusher

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So let's waste a trillion w bamacare right ? 

Soul Crusher

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BUMP  for the major accomplishment of Obama. 

Kazan

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The sooner we move to a single payer system and have health insurance not tied to employment, the better.





Why? How about the sooner each person is responsible for his/her own healthcare the better? How about the sooner the Federal Government gets out of the healthcare business the better?
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Straw Man

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June 6, 2011, 2:40 p.m. EDT
Firms halting coverage as reform starts: survey
30% of companies say they’ll stop offering health plansStories You Might Like
By Russ Britt, MarketWatch
http://www.marketwatch.com/story/firms-halting-coverage-as-reform-starts-survey-2011-06-06





LOS ANGELES (MarketWatch) — Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows.

While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will “definitely or probably” stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.

The survey of 1,300 employers says those who are keenly aware of the health-reform measure probably are more likely to consider an alternative to employer-sponsored plans, with 50% to 60% in this group expected to make a change. It also found that for some, it makes more sense to switch.

Click to Play  Are profit forecasts too optimistic? A 4% economic-growth rate for 2011 now looks like a pipe dream. In that case, assumptions about corporate earnings may be high, especially with the Federal Reserve's latest bond-buying program winding down. Kelly Evans discusses.
“At least 30% of employers would gain economically from dropping coverage, even if they completely compensated employees for the change through other benefit offerings or higher salaries,” the study says.

It goes on to add: “Contrary to what employers assume, more than 85% of employees would remain at their jobs even if their employers stopped offering [employer-sponsored insurance], although about 60% would expect increased compensation.”

A number of competitors will emerge in the insurance market once reform provisions start to take effect, according to the McKinsey Quarterly study. These firms will be needed to provide a transition for those moving from employer-sponsored insurance to other coverage options.

Insurers will have to adapt to new realities and look for ways to keep the policy holders they have, the study says, but that shouldn’t be difficult. “Our research shows that more than 70% of employees would stay with their insurer if it offers a seamless transition and appropriate products. Each payer also must understand how changing employer-benefit strategies will shift the risk profile of its membership and set prices appropriately.”
Russ Britt is the Los Angeles bureau chief for MarketWatch.


333 - do you ever get past the headline before you post these stories

Soul Crusher

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Yeah, your point? 

When those people have to go buy individual plans that have all the shit loaded in to them due o TraitorCare, and not qualify for group rates, guess what happens straw?

 


240 is Back

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TraitorCare

how come it's traitorcare at the national level, but perfectly acceptable at the state level when Mitt did it? 

Soul Crusher

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how come it's traitorcare at the national level, but perfectly acceptable at the state level when Mitt did it? 

It shouldnt be,  both suck ass and drive up premiums and costs for families and buinesses   

On a technical level he is right, but the ideas suck overall. 

Talk to any buisness what they think of ObamaCare.   

Straw Man

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Yeah, your point? 

When those people have to go buy individual plans that have all the shit loaded in to them due o TraitorCare, and not qualify for group rates, guess what happens straw?

is the subsidized exhange program the same an being an individual buying a policy today on the open market?

Straw Man

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It shouldnt be,  both suck ass and drive up premiums and costs for families and buinesses    

On a technical level he is right, but the ideas suck overall. 

Talk to any buisness what they think of ObamaCare.   

from the story you posted:

Quote
At least 30% of employers would gain economically from dropping coverage, even if they completely compensated employees for the change through other benefit offerings or higher salaries,” the study says.

Soul Crusher

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is the subsidized exhange program the same an being an individual buying a policy today on the open market?


Are you fucking kidding?  Seriously?  Because I am beginning to think you are just a gimmick.   And maybe people dont want more welfare. Ever think of that?  Ofcourse not - because you are a far left socialist freak who worships the welfare state and the idea that govt masters wll lan your life for you.  


The "subsidies" dont go to everyone and many will not qualify yet be forced to pay higher and higher premiums due to the mandates in obamacare.  So the middle class guy who busts his ass whose copany now has o toss him off group plan gets fucked so that the leeches and parasits obama wants to get healthcare can?  Nice - communism you ca believe in.        

So whats the fucking point of all this crap?  

All they had to do is leave it alone, allow comptetion across state lines, create catastrophic plans for young people, 1099s, contractors, etc and they could have covered millions of people are relatively little cost and disruption to the nation.    

Kazan

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how come it's traitorcare at the national level, but perfectly acceptable at the state level when Mitt did it? 

Try reading the constitution and your question will be answered
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Soul Crusher

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from the story you posted:
 

And?  they benefit because they will choose to pay the fine instead which is cheaper.   

BTW - obama promised a premiuim decrease of 2500% or $2500 of health insurace premiuims.  How is that working out?     ::)  ::)  ::)

Straw Man

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Try reading the constitution and your question will be answered

isn't having a healthly population important for common defence and general welfare of the country?

Soul Crusher

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isn't having a healthly population important for common defence and general welfare of the country?

Yeah, but I didnt know that involved me forking over a shit load of money to a private carrier by govt mandate by orders of Dictator Obama. 

 

Straw Man

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And?  they benefit because they will choose to pay the fine instead which is cheaper.   

BTW - obama promised a premiuim decrease of 2500% or $2500 of health insurace premiuims.  How is that working out?     ::)  ::)  ::)

2500% or 2500 dollars ?

how can something decrease by more than 100%

I'm sure you have that on a a 4 second youtube clip where it is conveniently edited to avoid the part where he clarifies or makes a correction

let's see it

Straw Man

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Yeah, but I didnt know that involved me forking over a shit load of money to a private carrier by govt mandate by orders of Dictator Obama.  

don't you already fork over a shit load of money to a private carrier and I'm guessing you also have a high deductible and high copay

what will change for you under the new plan?

Soul Crusher

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2500% or 2500 dollars ?

how can something decrease by more than 100%

I'm sure you have that on a a 4 second youtube clip where it is conveniently edited to avoid the part where he clarifies or makes a correction

let's see it

This lying sack of shit is so clueless its not funny.   He's the most bald faced liar I have eve witnessed in public life.  

He lied again, and again and again, and again.  


Kazan

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isn't having a healthly population important for common defence and general welfare of the country?

First look at how Article I Section 8 is written. It starts out with a broad statement then goes on the enumerate the powers after the initial sentence.

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

To establish Post Offices and Post Roads;

To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;

To constitute Tribunals inferior to the supreme Court;

To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations;

To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;

To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

To provide and maintain a Navy;

To make Rules for the Government and Regulation of the land and naval Forces;

To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;

To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;

To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings; And

To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

The Framers were not stupid and knew how the initial though could be interpreted to mean other than what it was intended, so they made it clear.
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Straw Man

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This lying sack of shit is so clueless its not funny.   He's the most bald faced liar I have eve witnessed in public life.  

He lied again, and again and again, and again.  



I'm glad you posted that

classic editing on that clip

why do you choose to still believe this is what Obama actually believes when it was corrected by the White House the very next day

do you just choose to ignore so you can keep ranting and raving like a maniac




Quote
A White House press spokesman later said the president misspoke; he had meant to say annual premiums would drop by $3,000.


Read more: http://www.cbsnews.com/stories/2010/03/17/politics/main6306991.shtml#ixzz1Obk3I2jN