Big companies considering dropping health care coverage, thanks to ObamaCare

[eddo]

washingtonexaminer.com/By: David Freddoso

Online Opinion Editor

05/06/10 11:36 AM EDT

Now that it's passed, we learn more about what's in it from Fortune. This time, the latest Obamacare revelation comes in company documents that congressional Democrats requested from Verizon, AT&T, John Deere and Caterpillar.

This revelation isn't new or unexpected- basically, it's what we've been saying all along would happen:

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.

That would dismantle the employer-based system that has reigned since World War II. It would also seem to contradict President Obama's statements that Americans who like their current plans could keep them. And as we'll see, it would hugely magnify the projected costs for the bill, which controls deficits only by assuming that America's employers would remain the backbone of the nation's health care system.

More at the links.

Thoughts?

 

[timesjoke]

And don't think for one second that there was ever any other intention.

Obama said before he was elected that the goal was to eliminate all private insurance and have a single payer (Government run) system.

How do you do that in an environment where most people do not want it? You over regulate it and tie the hands of the largest providers of private insurance (private companies) giving them almost no other option than to drop what they offer. Suddenly you have a mess and the Federal Government has to step in and gather up all the fallen pieces...........