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Townhall
The Obamacare
Trifecta
Hank Adler
Oct 13, 2014
Over the past several years, I have written at least a dozen columns on
Townhall.com regarding individual and specific issues with Obamacare.
This week, I attended a meeting to learn about my employer's plan to
deal with our Preferred Provider Organization (our PPO health insurance
plan). Touch 'em all: Over the next couple of years, I will lose my
doctor, I will lose my plan and my healthcare costs will increase.
The next two phases of Obamacare are now kicking in and the employed
population will now feel the heavy foot of government with employers
first being forced to increase premiums for full time employees and
eliminate healthcare for part time employees because of costs. Next, if
possible, many employers will do everything possible to keep employee
counts under fifty to avoid Obamacare entirely and finally, likely
thousands or tens of thousands of employers will be eliminating their
truly great PPO plans because of the Cadillac health insurance plan tax.
I have the world's best employer. We are a great university and provide
a great education to our students. If I was faced with the health
insurance cost issues for my employees as the University is, I would be
forced to make the same decisions to avoid paying the new Obamacare
taxes. The "Cadillac" insurance plan tax that my University has been
offering for decades would cause the University to face approximately
$4.5 million of new annual Obamacare taxes unless the insurance plan is
axed. This would be a completely new tax (a completely new expenditure)
and this non-profit University would have to reduce scholarships,
reduce the number of professors or increase tuition to continue this
existing health insurance opportunity. The University cannot make the
decision to keep the existing plans. So much for "You can keep your
plan" and as a result, my options for health insurance are being blown
up...
Read the rest of the article at Townhall
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