Thursday, November 21, 2013

Cancellations are coming for millions more

The Hill reports:
While the White House is currently focused on the wave of plans canceled in the individual market, the move away from employer-based health insurance could pose an even bigger political problem in the years after ObamaCare is fully enacted.

The shift started in the late 1980s, as companies sought to reduce their costs by cutting health benefits. The push for a new healthcare law was, in some ways, a response to this long-term pattern.

While employers have reason to offer employees healthcare to attract and keep the best and brightest, the creation of the new healthcare exchanges for the uninsured also gives them an excuse to drop coverage.

Shipping company UPS blamed Obama-Care in August when announcing that it would stop offering health insurance to 15,000 employee spouses whose jobs already offer medical benefits.

The next month, both Home Depot and Trader Joe’s said they would stop providing coverage for some part-time employees.
The proud moments of ObamaCare.