Our Health Law Category – LINK
Via The Inquisitir:
The Universal Studios theme park resort in Florida will end health insurance for part-time employees as of December 31 as a direct result of Obamacare.
As The Inquistir has previously reported, other employers in retail or in the restaurant business and in other sectors are doing the same or offloading full-time employees into a part-time status (less than 30 hours a week) so they don’t qualify for existing coverage. Irrespective of the need to hire more employees, some firms are purposely keeping headcount below 50 workers to avoid the law’s provisions altogether. Despite supporting Obamacare, many politically connected unions have sought and received waivers from the law’s provisions.
Universal explained that its low-premium plan (commonly referred to as a “mini-med” plan) that places a cap on annual benefits is no longer permitted under Obamacare. Universal, one of the largest employers in central Florida, claims, however, that only three percent of its employees will be affected by the change according to the Orlando Sentinel. The paper also reported that Walt Disney World is “still assessing the health-care reform act and how it impacts our business.”
Similarly, according to the Financial Times, David Dillon, chief executive of the Kroger supermarket chain, commented “that some companies might opt to pay a government-mandated penalty for not providing insurance because it was cheaper than the cost of coverage.”
Aetna CEO Mark Bertolini claimed that health insurance premiums for some small businesses and individuals could double next year under Obamacare, according the Bloomberg news agency.
The Los Angeles Times had similar findings about the possibility of premium sticker shock:
“Exactly how high the premiums may go won’t be known until later this year. But already, officials in states that support the law have sounded warnings that some people — mostly those who are young and do not receive coverage through their work — may see considerably higher prices than expected.”
You’ll recall that in the long struggle to get Congress to narrowly approve Obamacare, the president repeatedly insisted that if you like your current insurance, you can keep it. He and his Democrat colleagues also maintained that the law would health insurance less expensive or more widely available.
NBC News has reported that about eight million people, however, will lose their employer-provided health insurance altogether as a result of the so-called fiscal cliff deal, the Congressional Budget Office has estimated.