Wednesday, April 28, 2010

Obamacare encourages employers to drop private insurance

Sure, we remember that Jan woman screaming into the camera that "My friends, we WILL get single payer coverage" to the cheering masses of union goons. That IS what all this is about, after all. It always has been, as The One himself said. It's cheaper to drop than to cover. Powerline:
Robert Pear's New York Times story on the corporate chargeoffs did a good job of covering one aspect of this press release. Pear touched on the remaining items by quoting Barton: "From a financial standpoint, from a purely economic standpoint, many companies would be better off discontinuing health care as a fringe benefit, paying the penalty and pocketing the savings." Pear also took note of the documents flagged in the press release toward the end of his article:

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