During the long heath care debate the President kept saying over and over
“No matter how we reform health care, we will keep this promise to the American people, If you like your doctor, you will be able to keep your doctor, period. If you like your health care plan, you’ll be able to keep your health care plan, period. No one will take it away, no matter what.” He didn’t let up.”If you like what you’re getting, keep it,” Obama said. “Nobody is forcing you to shift.” Source
Back then many of us who opposed Obamacare warned that President says that the government would not force a change, but of course just like they can do today, your employer can force a change. The legislation that was passed is specifically designed to get employers to stop covering employees and force them to move to the exchanges with the ultimate purpose of an eventual single-payer government run health system.
The is no wording in the bill that says the objective is for Corporations to drop coverage, but the direction is there. Corporations will always look toward the cheaper option, and Obamacare raises the cost of providing health care to employees and makes it cheaper for a company to pay the fine for not providing insurance.
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Internal documents recently reviewed by Fortune, originally requested by Congress, show what the bill’s critics predicted, and what its champions dreaded: many large companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government.
That would dismantle the employer-based system that has reigned since World War II. It would also seem to contradict President Obama’s statements that Americans who like their current plans could keep them. And as we’ll see, it would hugely magnify the projected costs for the bill, which [supposedly] controls deficits only by assuming that America’s employers would remain the backbone of the nation’s health care system.
WOOH. Our deficit is already expanding at a record pace, this will only accelerate the process. Right now we see Greece going to hell in a hand basket, reporters are saying that Portugal is next, Great Britain is close, and this move pushes the United States further down the path that our socialist allies are heading.
Fortune got a hold of these documents because of Henry Waxman’s snit fit about companies taking write-downs because of Obamacare.
But Waxman didn’t simply request documents related to the write down issue. He wanted every document the companies created that discussed what the bill would do to their most uncontrollable expense: healthcare costs.
The request yielded 1,100 pages of documents from four major employers: AT&T, Verizon, Caterpillar and Deere (DE, Fortune 500). No sooner did the Democrats on the Energy Committee read them than they abruptly cancelled the hearings. On April 14, the Committee’s majority staff issued a memo stating that the write downs were “proper and in accordance with SEC rules.” The committee also stated that the memos took a generally sunny view of the new legislation. The documents, said the Democrats’ memo, show that “the overall impact of health reform on large employers could be beneficial.”
Nowhere in the five-page report did the majority staff mention that not one, but all four companies, were weighing the costs and benefits of dropping their coverage.
….The most transparent Congress in History, right Nancy Pelosi?
AT&T produced a PowerPoint slide entitled “Medical Cost Versus No Coverage Penalty.” it projected that booting employees to the Obamacare Statewide exchanges would save $4.1 billion dollars a year after paying the government fine.
A document prepared for Verizon by consulting firm Hewitt Resources stated, “Even though the proposed assessments [on companies that do not provide health care] are material, they are modest when compared to the average cost of health care,” and that to avoid costs and regulations, “employers may consider exiting the health care market and send employees to the Exchanges.” (Under the new bill, employees who lose their coverage will purchase health care through state-run exchanges.)
Kenneth Huhn, vice president of labor relations at Deere, said in an internal email that his company should look at the alternatives to providing health benefits, which “would amount to denying coverage and just paying the penalty,” and that he felt he already had the ability to make this change under his company’s labor agreement. Caterpillar felt it would have to give “serious consideration” to the penalty option.
All of these companies provided analysis showing it’s a lot cheaper to pay the fine than to provide the insurance. There is absolutely no way that the President and his progressives in congress did not know that this would be the result. Along with the other revelations that have been discovered since the bill was passed, all prove that Barack Obama and the rest of the Congressional progressives who shoved the bill down our throats, would rather lie to the American people, than convince us to go their way.