Obamacare

Employers Expect Costs to Rise Under Obamacare

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During the health care overhaul debate, President Obama promised repeatedly that his legislation would bring down health care costs. But according to a new survey of large employers by Towers Watson, many organizations with significant financial stakes on the line aren't betting on it. NCPA President John Goodman has the highlights:

  • "The overwhelming majority (90%) of employers believe health care reform will increase their organization's health care benefit costs;"
  • Nearly nine in ten firms (88%) plan to pass increased costs from the law on to their employees through higher premiums;
  • Nearly three in four firms (74%) plan to pass the law's higher costs on to their employees by changing plan options, restricting eligibility, or increasing deductibles or co-pays;
  • More than one in ten firms plan to pass on the law's higher costs by reducing employment (12%) or reducing employer contributions to retirement plans like 401(k)s (11%);
  • Of those firms offering coverage, 43% are "likely to eliminate or reduce retiree medical programs" as a result of the law's enactment.

I noted another study looking at how many employers might drop coverage here and took a look at the Affordable Care Act's tax effects on businesses large and small here.

NEXT: 'Blight' Gives Way to Spite

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  1. http://news.yahoo.com/s/nm/201…..s_health_3

    Soaring costs force Canada to reassess health model

    What do we do with the idiots who have ran around the country for the last twenty years claiming “every civilized country in the world has socialized medicine, why don’t we?”?

    1. What do we do with the idiots who have ran around the country for the last twenty years claiming “every civilized country in the world has socialized medicine, why don’t we?

      How about we create prison factories for them where they can work for free to pay for the costs they just imposed on all of the rest of us?

      1. Maybe we can dig our version of the White Sea Canal. They love socialist labor so much. Lets give them some.

    2. You’ve missed the memo where progressives changed the goal post. They only point to France nowadays as a shining example, not Canada. Any valid criticism of Canada’s health care system will be answered with, “But, but, France…”

      1. Here’s a question for all you leading libertarian lights: have you ever come across anything that doesn’t confirm what you already believe?

        1. Sure. Generally find, though, that in matters where libertarianism doesn’t have a pat answer, liberals and conservatives don’t either. Real life is full of problems for which perfect solutions don’t exist.

      2. France’s health care system doesn’t work that well, either. 40% of taxes going to an inefficient health system will not work, especially in this recession.

  2. Obamacare isn’t going to magically reduce insurance costs?

    I bet I don’t get my rainbow farting unicorn for Xmas either.

    *Goes into corner and sulks*

  3. CBS confirms Politico report that Al and Tipper Gore have announced to friends they’re separating after 40 years of marriage.

    1. Let’s just say that it’s due to “an inconvenient truth” and leave it at that.

    2. finally i’ll get to hear that verbally explicit rock record i’ve been dying for him to record

    3. So?

  4. Did anyone read the survey? It’s amazingly illiterate. Sample subheads:

    Employers Have Unprecedented Total Rewards Opportunities

    Reform Could Drive an Increase in Consumer-Driven Health Plans

    There might not be a parsable English sentence in the whole thing.

    Buy TW, yo. It’s the future.

  5. Brought to you by your statist federal government. Thanks alot assholes!

  6. Um…no shit?

  7. What are they talking about? It was the failure of the unregulated free market, deregulated by Cheney and Haliburton during the Bush administration, that is causing the costs of health insurance to rise so much. The only industrialized nation in the world….elderly dying in the streets…Wall St. bankers….SQUAWK!

    1. Wait….what?

    2. Shorter Leftist parrot: “I blame Bush.”

      SQUAWK! indeed!

  8. Not to sound flippant…BUT, how is this news. I mean seriously this has been so totally expected by any one with any sort of understanding of basic economic principles.
    Whenever you try to artificially segregate (I know, that’s racist!) a sector of the economy from the free market, costs go up. Eliminate competitive pressures, costs go up. Turn a once market driven industry into a government program, costs go up! Do we see a trend here? Perhaps we should mail every Congress person a decent high schools economics text so that they can get a better understanding of the economy.

    1. Not to sound flippant…BUT, how is this news. I mean seriously this has been so totally expected by any one with any sort of understanding of basic economic principles.

      Which automatically makes it news for 90% of the citizenry.

      1. THIS

        (plus, you have to remember that other 10% are all racist teabaggers, so yeah. Economiwhatsits? What part of AGW/AGCC/Doomsday does that deal with? “Eco” stands for Gaia, right?)

  9. Oh, wait…

    THIS is the “Dog Bites Man” post of the day. Got it!

    1. Better than the “Man shoots dog for biting him, in response to rampant canine-abuse” stories.

  10. HAHAHAHAHAHAHA!

    Told you so, you Obama voting, Progressive queef-quiche masticating little shitbags who voted for The One!!!!! I hope, really hope you are crying in your piss-drenched and pus-soaked cornflakes! Sweet Jeebus aborted with a thick steaming pile of rusty thumbtacks, I wanna see our resident lefty commenters defend THIS heaping pile of mucus saturated, bloody splurging Clostridium difficile shit topping and floor wax!!!!!

    Yeah Chad, you who professes such concern for the working poor and middle class, yet couldn’t be bothered to help your own family; and you Tony, high priest of benevolent mediocrity; and you MNG, the leader of this monstrous Utilitarian band of merry class envy pilferers, yeah I wanna see you bozos defend this one. The little guy and gal you swear such concern for is exactly the one who is gonna get fucked in the brown hole royally. I thought you twat knocking, turkey necked, nanny speculums loved the poor and downtrodden! May Chad and MNG (and any other straight lefty) be fucked royally with a rusty chainsaw that buries into your greater omentum! Tony, may you be forced to fellate a woman with a scorching case of herpes and trichomoniasis!

    And you Reason staffers and posters that voted for this buffoon, a big fat mea culpa is in order on this one.

    Gotta pass it to find out what’s in it???? Well fuck me sideways and call me Nancy without a reach around, you do the same thing with a final exam: you take it first and then find out how you did! It’s a real poor idea to try that with governance, you twit brained vaginal belches! You idealistic college dipshits that voted for this cock knocking, rock blocking knothole should know this BEFORE YOU GRADUATE!!!!! Any college colostomy bag that voted for this stumbling fucking lick-me stick should be failed immediately!!!!!

    WOULD YOU BUY A FUCKING CAR BEFORE TEST DRIVING IT AND TAKING IT TO A MECHANIC?????

    /END RANT

    1. Somebody wrote himself a prescription for amphetamines, I see.

      You’re still correct, though. 100%.

      1. No, just tired and in a bad mood. A 24 hr+ shift can do that to you. Suderman’s nut punch just set me over the edge of my usually temperate disposition. We’re Greece, fellas. Call me Warren with his “Doom, Doom, DOOM!!!” stuff, but I really see the writing on the wall here.

        1. *High-fives Groovus, on his way to the broom closet with Nurse Bubbles.*

      2. Damn my prescriptions of Warfarine and Sotalol don’t make me this f-ing cool. Paint me a tad jealous. Sure I can kill mice and screw with heart rates, but that was a grade A rant. I commend you Good Sir! Well played!

        1. Despite living in New York, I never voted Obama….and now i’m proven right.

    2. I feel a strange mixture of pride and horror at what I’ve helped bring about.

      1. I don’t know if horror is the right kind of fear. I’d think more like the fear a lion tamer maintains with his charges.

        1. How about “shuddering trepidation”?

          1. Ooooo, i just got a chill.

    3. No Doc, tell us how you REALLY feel 😉

    4. If R Lee Ermy were an internet posting Libertarian, I think that is what his posts would look like.

    5. You had me at “Progressive queef-quiche masticating little shitbags”.

    6. Groovus gets the Rant of the Year Award.

      1. I think that what I really respect isn’t just the profanity, it’s the creative use of profanity.

        Most rants simply use variations of the word “fuck”. You, however, have reached deep into medical jargon, and taken us all on an enlightening journey of profanity, especially fecal-based profanity and insults.

        As I begin my day off, my first Bud* will most certainly will be for you.

        *Before the Reason Beer Drinkers Association deports me, I would like to note that I do not drink Bud, as I like beer that is not laced with urine, water, and tears. I will probably be drinking a Heiniken, which isn’t my favorite beer, but the only stuff I have in the fridge right now.

    7. Yeah Chad, you who professes such concern for the working poor and middle class, yet couldn’t be bothered to help your own family; and you Tony, high priest of benevolent mediocrity; and you MNG, the leader of this monstrous Utilitarian band of merry class envy pilferers, yeah I wanna see you bozos defend this one.

      Not to interrupt your rant here, but MNG said multiple times that he didn’t support Obamacare and thought it was a bad bill. Even prompted Tony to ask him what he did support, once, though I don’t recall the answer.

      1. From what I gather re: MNG’s opinion of this law, is that it does not go far enough. What these guys want is single-payer.

        What you point out is true. The reason I lumped MNG in there is his stalwart defense of all that is Utilitarian and he very much supports redistribution of wealth and labor. I just want to see any of them defend this law, which I detest as both legislation and the threat to liberty it poses.

  11. President John Goodman has the highlights

    Say what you will about the tenets of national socialism, dude, at least it’s an ethos.

    1. I didn’t watch my buddies die face down in the mud for this!

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