Getbig Bodybuilding, Figure and Fitness Forums
September 02, 2014, 10:45:37 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
 
   Home   Help Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: Obamacare? We were just leaving …  (Read 239 times)
James
Getbig IV
****
Posts: 2787


« on: June 13, 2013, 07:19:00 AM »

Dozens of lawmakers and aides are so afraid that their health insurance premiums will skyrocket next year thanks to Obamacare that they are thinking about retiring early or just quitting.

The fear: Government-subsidized premiums will disappear at the end of the year under a provision in the health care law that nudges aides and lawmakers onto the government health care exchanges, which could make their benefits exorbitantly expensive.

Democratic and Republican leaders are taking the issue seriously, but first they need more specifics from the Office of Personnel Management on how the new rule should take effect — a decision that Capitol Hill sources expect by fall, at the latest. The administration has clammed up in advance of a ruling, sources on both sides of the aisle said.

If the issue isn’t resolved, and massive numbers of lawmakers and aides bolt, many on Capitol Hill fear it could lead to a brain drain just as Congress tackles a slew of weighty issues — like fights over the Tax Code and immigration reform.

The problem is far more acute in the House, where lawmakers and aides are generally younger and less wealthy. Sources said several aides have already given lawmakers notice that they’ll be leaving over concerns about Obamacare. Republican and Democratic lawmakers said the chatter about retiring now, to remain on the current health care plan, is constant.

Read more: http://www.politico.com/story/2013/06/obamacare-lawmakers-health-insurance-92691.html#ixzz2W6cz5n4k


Report to moderator   Logged
dario73
Getbig V
*****
Posts: 6198


Getbig!


« Reply #1 on: June 13, 2013, 08:23:51 AM »

Crapcare for you, but not for me!

If this doesn't prove to you how bad Obamacare is going to be, then nothing will convince you.
Report to moderator   Logged
Skip8282
Getbig V
*****
Posts: 6453



« Reply #2 on: June 13, 2013, 04:57:41 PM »

Brain drain, hahahahaha

The public has nothing to worry about there.  Their collective intellect wouldn't fill a thimble, lol.

So, they don't want the rules that they passed to be applied to them.  Roll Eyes

Amazing how the Dems who supported the 'Affordability' act don't have shit to say now.

Report to moderator   Logged
Soul Crusher
Competitors
Getbig V
*****
Posts: 8393


Doesnt lie about lifting.


« Reply #3 on: June 14, 2013, 10:04:24 AM »

Health Benefits Come Under Knife Ahead Of ObamaCare
 
By JED GRAHAM, INVESTOR'S BUSINESS DAILY


 Posted 08:05 AM ET




Email
 Print
 License
 Comment
 

inShare.


 

 





Spending on health benefits in service occupations and among small firms exposed to ObamaCare mandates shrank over the past year, new Labor Department data show.

Although employers face penalties in 2014 if they fail to offer affordable coverage, this decline in spending on health benefits shows that they're finding ways to shift some of ObamaCare's looming costs back to the government.

Strikingly, Bureau of Labor Statistics data show that health benefit increases came to a standstill in service occupations after the first quarter of 2010 — when ObamaCare became law.

 
 View Enlarged Image

Prior to that, benefit costs had grown steadily since the mid-1990s.

But following ObamaCare's passage, health benefits per hour of work in service occupations grew 0% through March 2011 and 0% the next year, before falling 0.7% through March 2013.

Meanwhile, over the past three years, health benefits rose a moderate 2%, 2.8% and 2.7% per hour for the broad workforce, evidence that lower health care inflation doesn't explain the unusual declines in some sectors.

Rather, a likely culprit is a shift in the mix of full-time workers who will come under ObamaCare's employer mandate and part-time workers who won't.

Employers who offer full-time workers coverage can escape a potential fine of $3,000 per worker if employees work fewer than 30 hours per week.

That fine, levied for each full-time worker who accesses ObamaCare subsidies, equates to $5,000 in deductible wages for a profit-making firm with a 40% federal and state tax rate.

BLS data, though volatile from month to month, clearly show that retailers have been cutting the average workweek for nonsupervisory employees over the past year.

While most employers have yet to reveal how they plan to adjust their workforce and benefit policies, a number have provided anecdotal support for the data now coming in.

AAA Parking and Regal Entertainment Group (RGC), a national movie theater chain, are among employers confirming a shift to part-time work in response to ObamaCare.

Reuters reported that Wal-Mart Stores (WMT) this year has noticeably upped its hiring of temp workers. May's employment report showed that the number of temp workers hit a record high, evidence that employers are embracing temps as a strategy for dodging ObamaCare fines.

The cost-shifting of ObamaCare's expenses won't only fall back on government, but on workers clocking fewer hours and, in other cases, on workers covering a bigger share of their health premiums.

Among private employers with 50-99 workers, spending on health benefits per hour fell 0.5% from a year ago in March. This is noteworthy because these companies are just above the 50-worker threshold above which ObamaCare's mandate will apply.

At private firms with up to 49 workers, health benefits rose 2.1% from a year ago.

In private-sector service jobs, workers received, on average, 90 cents in health benefits, $10.71 in wages and $14.19 in total compensation per hour.

For perspective, ObamaCare's $5,000 wage-equivalent fine comes out to $2.40 an hour for a 40-hour workweek. That's nearly 4.5 times after-tax spending on health benefits.


Read More At Investor's Business Daily: http://news.investors.com/economy/061413-659983-service-firms-cut-health-benefits-before-obamacare.htm#ixzz2WD9JcJ00
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
Report to moderator   Logged
Skip8282
Getbig V
*****
Posts: 6453



« Reply #4 on: June 17, 2013, 07:07:16 PM »

Bump.


Liberal drones don't seem to have shit to say now?



Report to moderator   Logged
GigantorX
Getbig V
*****
Posts: 5463


GetBig's A-Team is the Light of Truth!


« Reply #5 on: June 18, 2013, 05:00:12 AM »

Brain drain, hahahahaha

The public has nothing to worry about there.  Their collective intellect wouldn't fill a thimble, lol.

So, they don't want the rules that they passed to be applied to them.  Roll Eyes

Amazing how the Dems who supported the 'Affordability' act don't have shit to say now.



There is an astounding lack of intellect on display.

They couldn't even think far enough ahead and take a critical look on how it would effect them.

We are talk about Congress, here, home of the most self-centered and self-serving people around.

If they are jumping ship....we must truly be fucked.
Report to moderator   Logged
Skip8282
Getbig V
*****
Posts: 6453



« Reply #6 on: June 18, 2013, 04:36:24 PM »


We are talk about Congress, here, home of the most self-centered and self-serving people around.

If they are jumping ship....we must truly be fucked.



Exactly what the Grassley amendment was intended to expose.

And crickets from the left...

Pathetic.
Report to moderator   Logged
Pages: [1]   Go Up
  Print  
 
Jump to:  

Theme created by Egad Community. Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!