Obamacare hiccup

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wack wack
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Re: Obamacare hiccup

Postby wack wack » Fri Aug 23, 2013 12:35 pm

johnfajardohenry wrote:A medical plan would cost around $10,000 per employee.
John Henry


This is the real problem.

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Re: Obamacare hiccup

Postby jman111 » Fri Aug 23, 2013 12:47 pm

johnfajardohenry wrote:Walmart's profit is about $8,000 per employee.

Per employee, not per FTE. I don't think anyone is advocating fully-paid health insurance for employees working 10 hours per week, are they? Providing a medical plan for full-time employees will not bankrupt Walmart, based on your numbers. Not even close.

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Re: Obamacare hiccup

Postby Stebben84 » Fri Aug 23, 2013 12:50 pm

johnfajardohenry wrote:Walmart has no guarantee on immortality.


So in order to become immortal we FUCK all our employees over. Treat them like shit, give them crappy pay, and deny health insurance. Did those other companies go under because they gave their employees health insurance?

jman111 wrote:Providing a medical plan for full-time employees will not bankrupt Walmart, based on your numbers. Not even close.


He'll stand corrected soon enough.

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Re: Obamacare hiccup

Postby dave esmond » Fri Aug 23, 2013 12:56 pm

johnfajardohenry wrote:Since the medical care would be pretax, it might break even and still leave $1,000 or so per employee profit for the Walmart owners.

So what would happen to Walmart if it became unprofitable?


The per employee profit number I've seen for Walmart is quite a bit more then $8000.

But let's take your numbers.

$1000 times 2.1 million employees is still a lot of PROFIT. If a company can't make it while pulling in BILLIONS of dollars in profit a year...well...they're awful at business.

Walmart's pretty good at getting stuff for cheap, so I doubt they'd have to pay $10k a year for insurance.

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Re: Obamacare hiccup

Postby dave esmond » Fri Aug 23, 2013 3:13 pm

Is there any legal reason Walmart, with the number of people and resources they have couldn't just start their own insurance company ala Deancare?

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Re: Obamacare hiccup

Postby Ned Flanders » Fri Aug 23, 2013 3:19 pm

dave esmond wrote:Is there any legal reason Walmart, with the number of people and resources they have couldn't just start their own insurance company ala Deancare?

That's a great idea.

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Re: Obamacare hiccup

Postby Huckleby » Fri Aug 23, 2013 6:33 pm

I can't for the life of me understand why any progressive thinks it is a good idea for people to be dependent on their employer for health care. That's feudal, particularly in a soft labor market.

I think some are blinded by their anti-corporate feelings. Since Walmart is a sucky corporation, stick it to them, take away their profits and use it to buy health care.

The best system for most people is to have health care access guaranteed by the government. Let Walmart and every other company have the option of sending their employees off to get subsidized health care.

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Re: Obamacare hiccup

Postby johnfajardohenry » Fri Aug 23, 2013 7:17 pm

jman111 wrote:
johnfajardohenry wrote:Walmart's profit is about $8,000 per employee.

Per employee, not per FTE. I don't think anyone is advocating fully-paid health insurance for employees working 10 hours per week, are they? Providing a medical plan for full-time employees will not bankrupt Walmart, based on your numbers. Not even close.


Probably not the 10 hour per week employee but I wonder how many of those Walmart has? Probably very few.

Lost of people, here and elsewhere, have been saying that Walmart should provide medical coverage to part timers. I don't recall people saying where the cutoff should be. 30 hours? 20? 15?

John Henry

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Re: Obamacare hiccup

Postby Huckleby » Fri Aug 23, 2013 11:04 pm

dave esmond wrote:Is there any legal reason Walmart, with the number of people and resources they have couldn't just start their own insurance company ala Deancare?


Many (most?) large companies are "self-insured". They don't need no stinkin insurance company, they have plenty of money.

Deancare is more than insurance, they are a health care provider.

Walmart has a business model where they keep costs and prices as low as possible.

Walmart employs 1% of U.S. workers. Obsessing over Walmart in a discussion of health care for Americans distorts reality.

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Re: Obamacare hiccup

Postby Henry Vilas » Sat Aug 24, 2013 9:49 am

UPS uses Obamacare as an excuse to drop 15,000 employee spouses from their health care benefit plan.

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Re: Obamacare hiccup

Postby johnfajardohenry » Sun Aug 25, 2013 10:06 am

Henry Vilas wrote:UPS uses Obamacare as an excuse to drop 15,000 employee spouses from their health care benefit plan.


Also University of Virginia:

Citing ObamaCare as a reason, the the University of Virginia has announced that spouses of University employees who have access to health insurance through their own jobs will no longer be eligible for health insurance coverage.

In its announcement, President Obama's healthcare plan is specifically mentioned by UVa as a reason for the rising costs that forced the university to drop working spouses. ObamaCare is expected to add $7 million to the university's health care costs.


http://www.breitbart.com/Big-Government ... -obamacare

And the WaPo had a story about governments cutting workers hours to avoid increased healthcare costs.

Many cash-strapped cities and counties facing the prospect of shelling out hundreds of thousands of dollars in new health-care costs under the Affordable Care Act are opting instead to reduce the number of hours their part-time employees work.


On Tuesday, Middletown Township, N.J. said it would reduce the hours of 25 part-time workers to avoid up to $775,000 in increased annual health-care costs. Earlier this month, Bee County, Tex., said it would limit its part-time workers to 24 hours per week when the new fiscal year starts Oct. 1.


Also mentioned: Brevard County FL, Lynchburg VA, Chesterfield County VA and Chippewa County WI.

So why are they doing it now when Obiecare doesn't kick in till 2015?

because the local governments worry that employees who work at least 30 hours in the months leading up to the January 2015 implementation date would need to be included in their health-care plans.


Gee, wasn't Obiecare supposed to reduce costs? How are you all like them apples.

We are going to wind up with fewer people getting prepaid healthcare and those that do paying much more for it.

Sounds like a progressive Win-Win!

John Henry

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Re: Obamacare hiccup

Postby johnfajardohenry » Sun Aug 25, 2013 10:12 am

Henry Vilas wrote:UPS uses Obamacare as an excuse to drop 15,000 employee spouses from their health care benefit plan.


Actually, that is not quite the case, nor at UVA.

Both are dropping spouses that have health care from other sources. Specifically when the spouse works for an employer who offers a plan.

Others will not be dropped. For now anyway.

When you think of it that makes quite a bit of sense besides being spelled out specifically under Obiecare. Why should Employer A pay health benefits for a person already covered by Employer B? One of the two is paying for an unused plan.

But, hey, "children" as old as 26(?) will get free contraceptives under their parent's plan so it's all good.

Right?

Unless you ask yourself why "children" are getting contraceptives. Shouldn't those be reserved for adults?

John Henry

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Re: Obamacare hiccup

Postby johnfajardohenry » Sun Aug 25, 2013 10:19 am

Huckleby wrote:
dave esmond wrote:Is there any legal reason Walmart, with the number of people and resources they have couldn't just start their own insurance company ala Deancare?


Many (most?) large companies are "self-insured". They don't need no stinkin insurance company, they have plenty of money.


Starting an insurance company is difficult because you have to pass muster with 50 different sets of state licensing boards and laws. All different. If we did allow national insurance companies, I suspect that WM would create one and we would be able to find relatively inexpensive insurance.

As for not needing insurance companies, self-insured companies still need and use them. Instead of paying a premium, they pay an estimate of the dollar amount of health care to be consumed in the following year. At the end of the year they tote it up and either pay the overage or get a credit. They also pay a percentage or a fee to the insurance co for administering the plan.

John Henry

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Re: Obamacare hiccup

Postby Henry Vilas » Sun Aug 25, 2013 10:22 am

johnfajardohenry wrote:Unless you ask yourself why "children" are getting contraceptives. Shouldn't those be reserved for adults?

No.

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Re: Obamacare hiccup

Postby johnfajardohenry » Sun Aug 25, 2013 10:43 am

Huckleby wrote:The best system for most people is to have health care access guaranteed by the government. Let Walmart and every other company have the option of sending their employees off to get subsidized health care.


Don't you mean "paid for" instead of "guaranteed"

And "other taxpayers" where you said government?

John Henry


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