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The End Of Employer Sponsored Health Care?

Mike

Well-known member
April 2, 2014 2:01 pm

Obamacare will cost large companies between $4,800 and $5,900 more per employee and add hundreds of millions to their overhead, according to a new survey.

The American Health Policy Institute conducted a confidential survey of 100 large employers—those with 10,000 or more employees—asking what costs they expect to incur from Obamacare over the next decade.

Factoring in the health care law’s added mandates, fees, and regulatory burdens, employers anticipate cost hikes between $163 million and $200 million in 2016, a 4.3 percent increase. By 2023, employers will be paying 8.4 percent more than “what they would otherwise be spending” for their employees’ health care.

In the next 10 years, the total cost of Obamacare to all large American employers is estimated to be from $151 billion to $186 billion, according to the study.

“This study is a c-suite diagnosis of how [the Affordable Care Act] ACA is shaping large employer behavior,” Tevi Troy, president of the American Health Policy Institute, said. “We don’t know yet precisely how employers will react, but the study shows that employers will have to make real changes or incur heavy costs, which means that the ACA will have a significant impact on those in employer-sponsored health care.”

While noting that some will say the results will “lead to more economical use of health care dollars,” the study questions whether the increase in health costs could bring the “end of the employer-sponsored health care system.”

“If the law leads to significant cost increases for [employers], this would affect the behavior of employers, which could in turn affect how—and even whether—they provide health care for their employees,” the study said.
 

hypocritexposer

Well-known member
obamacare was designed to bring about single payer. The problem with the single payer that the US will implement, will be that it covers everything and anything, unlike other single payer systems, like Canada's.

You will end up with the same shortage of doctors etc, but will be covering much more and for a higher % of "non-contributors", as a total population.

It will bankrupt the US.

and IMO, Canada's system should not be classified as a "single payer" system, because, there is much that others, besides the government cover.

Birth control/abortions is not covered, in all situations. Many medications are not covered, etc. etc.

That is why we still have company health care plans and supplemental insurance plans, and even those do not cover the entire cost of certain things.

Canada still has "co-pays"...imagine that.

example: the "lowest" plan from Alberta Blue Cross and remember, this is coverage, over and above the basic coverage your taxes pay for...which would bring the costs into a comparable range of what insurance used to cost in the US, before obamacare.

This plan cost (2010) $63.50/mo individual and $118/family


Basic Extended Health coverage (includes ambulance services, psychologist and accidental dental care)

70% reimbursement for eligible prescription drugs ($10,000 maximum per participant each benefit year)

70% basic dental coverage for standard check-ups, cleanings, fillings, extractions and root canals ($600 maximum per participant each benefit year with a three-month waiting period from enrolment date)

$15,000 in the event of an accidental death of a participant

Emergency travel coverage anywhere in the world outside of Alberta for any number of trips lasting up to 10 days each

10% discount on additional travel coverage

https://www.ab.bluecross.ca/individuals-families/index.html

We still have bankruptcies in Canada, due to health, as in the US and most are due to not being able to work(lack of income), when sick. Unless you have disability insurance, which is also an extra, I believe...
 

littlejoe

Well-known member
health care, co cars, etc----employees should have to pay taxes on all these benefits as income. it would go a long way towards balancing the budget wreck shrub bush started.

only in Canada is health care truly free! Go Snowbacks!!
 

hypocritexposer

Well-known member
littlejoe said:
health care, co cars, etc----employees should have to pay taxes on all these benefits as income. it would go a long way towards balancing the budget wreck shrub bush started.

only in Canada is health care truly free! Go Snowbacks!!

Great, so why not just lower their income by not offering these "benefits"...or, why not raise their taxes, for the benefits that obamacare provides?

One situation gives you Corporate/company paid for benefits, the other gives you Government sponsored benefits. Which one costs the taxpayer?
 

Tam

Well-known member
littlejoe said:
health care, co cars, etc----employees should have to pay taxes on all these benefits as income. it would go a long way towards balancing the budget wreck shrub bush started.

only in Canada is health care truly free! Go Snowbacks!!

I'm to the conclusion you are a complete idiot Pee Wee. And this time it is not just for your stupid Canadian Healthcare is free comment it is also because of your balancing the budget comment when the US has a government that buys votes with entitlements like the Dems think they can do. Obama has put over 7 trillion dollars onto his Bank Of China Credit Card and you think taxing some person's health benefits is going to balance his non existent budget. Taxing everyone's healthcare benefits would like not even pay for Moochelle's travel expenses. :roll:
 
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