Sunday, August 28, 2011

ObamaCare - Companies Will Drop Health Care Coverage

In another study of 368 mid to large sized companies, Towers Watson, a respected human resource consulting company determined that a large number of companies may stop providing health care insurance as a result of ObamaCare.  McKinsey, another respected consulting firm, determined that around 30% of companies are now saying that they will shift the burden of health care insurance to the government and their employees.  Obamanistas are in complete denial of what is likely to come claiming that this will not occur.   As an owner of a global company facing very high medical insurance premiums next year, I can say without any hesitation that this negative outcome is coming. 

If ObamaCare is not repealed, or otherwise struck down by the Supreme Court, in 2014, smaller companies in particular will end medical insurance coverage for their employees by simply paying the $2,000 fine per employee.   When that happens, employees will be forced to buy insurance from state pools being set up right now.   Singles earning $50,000 or less and married couples earning $80,000 or less will receive subsidies from the federal government to buy insurance.   All others will be out of luck.   Since ObamaCare has done nothing to bend the cost curve,  it will cost more than $20,000 a year to insure a family of four.  Insurance for a single employee will cost $9,000 a year or more.  So singles and duel income families, that earn more than $50,000 and $80,000 respectively, are likely to face this entire burden.

While ObamaCare will presumably provide medical insurance free, or for very little cost, for Obama's PEEP's, the 50% of Americans that pay no income taxes as all, those on the dole and illegal aliens, other middle class taxpayers may go without insurance because they will not qualify for subsidies and they will not be able to afford the premiums.   Like all government regulations, there are always unintended consequences and this is one of them.  But what is even worse,  the employees eligible for government subsidies will bankrupt our country.   These monies were never factored into the true cost of ObamaCare; hence the reason Obamanistas are in denial.  

ObamaCare is just symthomatic of a failed Presidency.   Socialist President Obama is attempting to "transform" our country into a Socialist nation in keeping with the European model.    Socialism in Europe has failed.   Many European countries face bankruptcy because of unsustainable entitlement programs.   Of course, none of that matters to Obamanistas that are avowed Socialists and even Communists.   President Obama supports redistribution of income in the name of "social justice" even though that approach has failed everywhere in the world it has been tried.   Obama must believe that somehow it will be different in America.   Albert Einstein once said that the definition of insanity is doing the same thing over and over again and expecting a different result.   Pursuing Socialist Schemes is the definition of insanity.  

We must take back our country in 2012 and 2014 by sweeping the Socialists, including President Obama our of office and electing Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education, energy, health care and entitlement reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation.   This is the platform supported by the majority of the American people and the only way to restore economic growth and job creation in our country again.  We have to get our country back on track.   We can do it.   We must do it to preserve our freedom, our nation and way of life.         

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