Friday, October 12, 2012

ObamaCare Froces Changes to Corporate Health Care

Because of ObamaCare's demands for everyone to have health insurance, many will be driven away from good insurance plans. As the Darden association is doing, the employee will have the opportunity to get the best plan for the money they can afford which probably means the cheapest.

Without the option of only the 'best plan' will do, now the employee will have to make decisions on their own, that is, taking responsibility for their own health care based on what they can afford to spend of their own money, plus corporate vouchers, instead of having the corporation footing the entire bill.

And who looses in this game of progressive socialism, the individual of course. Socialism is about the masses and crushing freedom and the individual. 


Health Changes Spur Test of More Part-Time Workers

Source: Candice Choi, "Health Changes Spur Test of More Part-Time Workers," Associated Press, October 9, 2012.


October 11, 2012
Darden Restaurants Inc., the owner of Olive Garden and Red Lobster restaurants, is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law, says the Associated Press.

•Darden declined to give details but said the test is only in four markets across the country.
•The move entails boosting the number of workers on part-time status, meaning they work less than 30 hours a week.
•Under the new health care law, companies with 50 or more workers could be hit with fines if they do not provide basic coverage for full-time workers and their dependents.
•Starting Jan. 1, 2014, those penalties and requirements could significantly boost labor costs for some companies, particularly in low-wage industries such as retail and hospitality, where most jobs don't come with health benefits.

Starting next year, Darden will also change the way it offers health insurance to full-time employees, to keep costs more predictable. Instead of offering one insurance plan for all 45,000 employees, it will give workers a contribution toward buying coverage and then send them to an online health insurance exchange where they can chose from five medical, four dental and three vision plans.

More employers are looking at this concept, known as defined contribution health insurance, as a way to stabilize health insurance costs.




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