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Thanks to Barack Obama, big corporations, which he appears to favor, big corporations can save billions in health care expenses.
"AT&T, Caterpillar, John Deere and Verizon have all made internal calculations, according the House Energy and Commerce Committee, to determine how much could be saved by a) dropping their employer-provided insurance, b) paying a fine of $2,000 per employee, and c) leaving their employees with the option of buying highly-subsidized insurance in the newly created health-insurance exchange.
AT&T, for example, paid $2.4 billion last year to cover medical costs for its 283,000 active employees. If the company dropped its health plan and paid an annual penalty for each uninsured worker, the fines would total almost $600 million. But that would leave AT&T with a tidy profit of $1.8 billion."
By paying a small "fine", AT&T will make a $1.8 billion profit, at the expense of small businesses and families. Maybe that is what Obama is really about--he promotes big business while killing small business and families.
At the same time, the cost ofObamacare will skyrocket, along with the rationing of health care. "The Massachusetts experience will only be amplified in other parts of the country. The CBO estimates there will be 32 million newly insured under ObamaCare. Studies by think tanks like Rand and the Urban Institute show that insured people consume twice as much health care as the uninsured. So all other things being equal, 32 million people will suddenly be doubling their use of health-care resources. In a state such as Texas, where one out of every four working age adults is currently uninsured, the rationing problem will be monumental."
America is in trouble. Thanks to Barack Obama, real people will get rationed health care. Thanks to President Obama we will have trillions of added national debt.
The good news? Big corporations will make billions off of this!!
More...
"AT&T, Caterpillar, John Deere and Verizon have all made internal calculations, according the House Energy and Commerce Committee, to determine how much could be saved by a) dropping their employer-provided insurance, b) paying a fine of $2,000 per employee, and c) leaving their employees with the option of buying highly-subsidized insurance in the newly created health-insurance exchange.
AT&T, for example, paid $2.4 billion last year to cover medical costs for its 283,000 active employees. If the company dropped its health plan and paid an annual penalty for each uninsured worker, the fines would total almost $600 million. But that would leave AT&T with a tidy profit of $1.8 billion."
By paying a small "fine", AT&T will make a $1.8 billion profit, at the expense of small businesses and families. Maybe that is what Obama is really about--he promotes big business while killing small business and families.
At the same time, the cost ofObamacare will skyrocket, along with the rationing of health care. "The Massachusetts experience will only be amplified in other parts of the country. The CBO estimates there will be 32 million newly insured under ObamaCare. Studies by think tanks like Rand and the Urban Institute show that insured people consume twice as much health care as the uninsured. So all other things being equal, 32 million people will suddenly be doubling their use of health-care resources. In a state such as Texas, where one out of every four working age adults is currently uninsured, the rationing problem will be monumental."
America is in trouble. Thanks to Barack Obama, real people will get rationed health care. Thanks to President Obama we will have trillions of added national debt.
The good news? Big corporations will make billions off of this!!
More...