A warning was issued in 2008, in 2009 and now: Under the new health care reform legislation, America will have a single-payer health care system being initiated within three years and implemented within the next five to ten years. Here's why [from one of the largest employee and labor law firms in the nation]:
As new benefits, penalties, and programs become effective, some employers may be driven to reevaluate the cost of providing health care coverage to their employees relative to the penalty for not providing coverage. For some, it may become more cost-effective to pay the penalty than provide the coverage. In addition, employers may turn increasingly to contingent workers to eliminate the cost of providing health insurance or the penalty for not doing so.
Or, if you don't believe lawyers, then how about the Hill?
The report also suggests that some employers will stop offering their employees healthcare coverage benefits: "A number of workers who currently have employer coverage would likely become enrolled in the expanded Medicaid program or receive subsidized coverage through the [Health] Exchanges. For example, some smaller employers would be inclined to terminate their existing coverage, and companies with low average salaries might find it to their -- and their employees' -- advantage to end their plans..."
Foster claims that the law's penalties on employers who don't offer their workers health insurance "are relatively low compared to prevailing health insurance costs."
Smaller employers? How about larger ones too?
You can also just start listening at :35 in the clip below [via Moe Lane]...
You have been warned. Now, what will you do about it?
“I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.” Thomas Paine, December 23, 1776
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