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Those employers will be fined. There's a fine for not providing insurance, $2k IIRC, and another fine for providing health care not meeting Obamacare requirements, $3k IIRC. OTOH if you provide too good a policy there's a fine for that too--it's taxed at 40%.

Of course the $2k fine is less than providing medical insurance, so discontinuing coverage is a good option. Avoids hassles.

Just to hit that nail again, Obamacare doesn't save, it costs more, roughly 17%. No surprise--we'll be paying for 10% more people, with fewer limitations, and to cover more conditions. Much of the government's increase is hidden with gimmicks, and by making ordinary folks pay directly (mandates).

Yep.

Reply to
dagmargoodboat
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Um, retirees are no longer employees. AIUI, this write-down was for retirees part-D drug coverage, so they're covered under Medicare anyway.

Reply to
krw

Is Alabama far enough South for you, dimwit?

Reply to
krw

For being in Alabama, you sure seem to have the stereotypical southern redneck attitude. Thanks for making everybody else in the south look bad. Maybe some day you will figure out that its not 1966 anymore.

have a nice life

*plonk*
Reply to
Steve

Oh, I thought you were switching to talking about current employees, where dumping health insurance entirely starts to make sense too.

The Senate bill has a big spiel about how health insurance is commerce, they have Constitutional power to regulate interstate commerce, and if you don't buy insurance you're hurting suppliers in other states, therefore they can forcibly require you to engage in commerce. (Subtitle F, Sec. 1501(a)(1-2), pg. 320)

Here's my parallel theory: we all use toilet paper, toilet paper crosses state lines, and the people who don't buy their own are driving up the price for the rest of us--we're all paying for THEM. So, we need toilet paper insurance. Mandatory, of course.

It was for retirees getting drug coverage from their AT&T retirement instead of being foisted on the public Part-D dole. A grateful Medicare Part-D was kicking in a 28% share--better than paying 100%.

Obamacare eliminates that incentive.

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-- Cheers, James Arthur

Reply to
dagmargoodboat

It's amazing - they force individuals in states to buy a product in their state, from a private company in that state, seeing as the individual CAN NOT, by law, purchase it outside of the state ( by law they can not ! ), and call it 'intra-state commerce'.

If this stands, the Commerce Clause becomes a nullity, a bad joke, instead of a restraint on the Federal government.

Reply to
.p.jm.

No, the AT&T write-down is about retirees' drug benefits, AFAICT.

Right. IMO, most companies will just dump that coverage and ObamaCare will have to pay the whole tab.

Reply to
krw

The Constitution is null, according to *EVERY* Demonicrats.

Reply to
krw

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