teapartysamurai
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- Mar 27, 2010
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A shocking new study out by McKinsey and Company finds that 3050 percent of employers who currently provide health insurance for their employees are likely to drop their coverage. Yes, thats right. Even if you like your insurance, you will not be able to keep it, as President Obama often and famously promised.
Obamacare offers subsidies to low- and middle-income workers who dont have employer coverage while fining employers that do not offer coverage. But for employers, paying the fines will be a lot less expensive than continuing to offer coverage. As the McKinsey report correctly notes, that will still be true even if employers also pass the remaining savings (after paying the fines) onto their workers in the form of higher cash wages or other benefits such as extra vacation days or increased retirement plan contributions.
In a recent paper, Heritages Paul Winfree and Brian Blase write that the subsidies will encourage employers to drop coverage, perpetuate an already inequitable tax code, and discourage work and upward mobility.
Essentially, employers are being forced to drop their coverage in order to remain profitable. Thus, many of their employees will have no choice but the state exchanges for health care coverage.
Small business is the lifeblood of the American economy, and employers are now being forced to reckon with new health care coverage mandates on top of a host of new and costly regulations in other areas. All of these regulations are expensive barriers that discourage entrepreneurship and job creation.
The New Obamacare Mandates | The Foundry
This is DELIBERATE on the part of the Obama admin. They want us all dependent on them for our healthcare, thus they can control all of us, and force us to vote for Democrats to "protect" our healthcare.
Voters need to recognize that's the plan, and not fall for it.
VOTE THESE PEOPLE OUT OF OFFICE AND VOTE IN PEOPLE WHO WILL GET OUT OF THE WAY OF BUSINESS.
2012 cannot come soon enough.