Monday, March 25, 2013

Obamacare Horror Story #2

I have already reported on the California small businessman who switched healthcare insurance carriers in 2012.  The monthly premium for him and his wife was about $400, but when he received his first bill in January of this year it was for $1,200.

The news has just gotten worse on the Obamacare front. A friend tells me about terrible news his wife received on Friday. She is a college professor on a non-tenure track. The college just notified their non-tenure track teachers that because of Obamacare they will not be able to continue to employ them on a full-time basis. My wife's friend is now teaching 5 courses. Starting in the Fall, she will only be allowed to teach 3 courses and she will not be allowed to teach summer school classes.

Now, get this, my friend has a full family health insurance coverage with his firm, so his wife told the college that she doesn't even need health coverage from the college, but they said that doesn't matter. If she was to go back to full time hours, even without coverage, the way Obamacare is written the cost to the school would be prohibitive.

It was clear early on that restaurants would start eliminating full-time employees, but this news suggests that many other employees may start switching to part-time employees where they can.  The second half of 2013 could be extremely chaotic because of firms readjusting their staffs. It could get pretty bizarre with many just holding down multiple part-time jobs instead of full time jobs, all because of Obamacare.

10 comments:

  1. OBAMA is a HORROR story! Hey, the American people voted him in and they are going to get what they deserve! Unfortunately, the productive people are going to suffer, until they get that it doesn't pay to be "productive"!

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  2. No doubt - but it has been that way for a long time; as my dad told me as I was leaving home after college in 1980, "Mark, you're producer...you're screwed."

    It was true then, and even more so today. The American experiment is over...

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  3. most of us were doing fine before Obamacare. instead of fixing healthcare for a few, Obama is going to ruin it for most of us.

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  4. your friend's wife needs to start a small service corporation of, say, less than fifty teachers and contract themselves out for teaching services. their healthcare won't be covered anyway and their pension credits are probably not going to translate but at least they should be able to keep their course loads.

    what a mess. the sharpest employers will start small service groups of less than 50 employees for every sector and contract the labor out so they won't need to cut hours for trained/skilled employees but the attorneys/legal/contract dept will have more paperwork which is automated nowadays anyway.

    my Arizona restauranter brother-in-law had to do this for his trained staff when the new immigration laws were passed to protect himself from liability.

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  5. Your friend needs to incorporate a small teaching services company (less than 50 teachers)to contract out with the college so the teachers can keep their courses while shielding the college from penalties.

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  6. Nonsense. Companies have been switching to part time employees to avoid crushing health insurance costs for many, many years. Blaming President Obama is pure misinformation, and the people who write this drivel know that. If you are a "producer" of health insurance, you have benefitted enormously from the Affordable Healthcare Act, which I prefer to call Romneycare, since Gov. Romney originated the plan back in MA.
    There is no free market in healthcare. There has not been since the insurance companies moved in, back in the late sixties. If we had any guts as a nation, we would go to a real socialized medicine plan with clearly defined limits of coverage. We cannot afford to pay for all healthcare costs for everyone.

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    1. Uhh.....RomneyCare is relabeled HillaryCare. Stop trying to turn this into a (R) vs (D). Both parties are soup sandwich.

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    2. Even if you are correct part time is now going from 37 to under 30 hours for millions of people.

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    3. socialized medicien in America would be a total disaster. It won't work here in America for a few reasons. 1) many people fromother countires have socialized medicine and because of this , work at low wages . because the Governments iin these countries pay the bill for medical care, they decide what doctors, nurses, and other medical care professionals get paid. this reduces the incentive for research and developement, which means they must come here to learn these new medical procedures, then return home to implement them in their own settings.If we had Socialized Medicine like other nations , our research and developement would suffer,closing off the pipeline to other nations learning. it would also block incentives for college kids to become doctors and nurses in the first place,shuttering the doors to many schools here and abroad. only reason some other nations have schools right now is the students prepare to become doctors and nurses in their own countires, then move to higher paying countries like the US. If that were controlled by our Government(which it will be) wages will suffer, and others in other Countries would drop out of medical school due to low wages ,and inability to repay the high cost of schooling. a total disaster in long waiting lines, no new products or procedures ,hospitals refusing to admit medicare patients , as Government repayment for services would be low. No icentive to care for these patients .

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  7. The whole healthcare system is a horror story of crony capitalism driving up prices through government intervention in ways most people aren't aware of, which Obamacare makes worse. This new page details many

    http://www.politicsdebunked.com/article-list/healthcare

    Including some that don't appear to have been caught by healthcare pundits like how Medical Loss Ratios are supposed to be to keep insurance overhead&profit in check.. when in reality they provide incentives for healthcare costs to rise.

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