Documents reveal AT&T, Verizon, others, consider dropping employer-sponsored benefits

[BoogyMan]

I know that I predicted this would be discussed and many others did as well. The ideologues in Washington didn't care, they wanted this health care debacle and it could end up costing us all far more than we ever imagined.



Link (http://money.cnn.com/2010/05/05/news/companies/dropping_benefits.fortune/index.htm?cnn=yes&hpt=C2)

(Fortune) -- The great mystery surrounding the historic health care bill is how the corporations that provide coverage for most Americans -- coverage they know and prize -- will react to the new law's radically different regime of subsidies, penalties, and taxes. Now, we're getting a remarkable inside look at the options AT&T, Deere, and other big companies are weighing to deal with the new legislation.


Internal documents recently reviewed by Fortune, originally requested by Congress, show what the bill's critics predicted, and what its champions dreaded: many large companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government.

.: Read the rest of this article :. (http://money.cnn.com/2010/05/05/news/companies/dropping_benefits.fortune/index.htm?cnn=yes&hpt=C2)

[SassyLady]

Do you think it might get more media coverage if all the media outlets decided to drop health care benefits also?

[Insein]

ITs what they wanted. They laid out the 2500 page law so that companies would find it cheaper to pay the fines then provide quality healthcare to its employees. Exactly what they wanted.

[SassyLady]

ITs what they wanted. They laid out the 2500 page law so that companies would find it cheaper to pay the fines then provide quality healthcare to its employees. Exactly what they wanted.

I believe you.