Comments on: McDonald’s meets Obamacare

By: Flood Damage Mission Viejo

Flood Damage Mission Viejo — Fri, 07 Jan 2011 02:27:19 +0000

Took me awhile to see all the comments, but prefer enjoyed the article. It turned out to be very useful to me and most likely to all the commenters at this point! It’s always nice when you can not only be knowledgeable, but also engaged! I’m sure you possessed fun writing this post.

By: Baklava

Baklava — Tue, 05 Oct 2010 18:53:57 +0000

3M follows McDonalds..

http://sayanythingblog.com/entry/another-day-another-american-business-dropping-health-care-for-its-workers/

By: KBK

KBK — Mon, 04 Oct 2010 19:45:38 +0000

I’d like to see a (fair) accounting of the government plans with greater than 85% payout. Nothing hidden, of course.

By: blert

blert — Sat, 02 Oct 2010 22:19:26 +0000

All such plans face adverse selection because the really healthy employees rarely enroll. After all, how many teenagers think that ANYTHING can go wrong with their health?

Further, such plans must find the paperwork burden to be impossible to hold down to 15% of $14 per week.

Anyhow, mandating MLRs is Central Planning on its face.

What could go wrong with that?

Doctor shortages?

Forced labor?

By: Richard Aubrey

Richard Aubrey — Fri, 01 Oct 2010 21:06:05 +0000

Thomass.
Right. But I believe obamacare will make high-ded plans illegal. Anybody know?

By: Thomass

Thomass — Fri, 01 Oct 2010 16:44:51 +0000

The plans seem to kind of suck, but if your young and don’t have any pre existing medical issues you do not need employer group coverage. You can call an insurance agent and just buy a major medical plan that would work a little in reverse. You pay less per month, but you pay a large deductable if your ill (say $5k), but they cover the rest up to a few million.

By: RickZ

RickZ — Fri, 01 Oct 2010 14:50:21 +0000

Otiose,

I sure hope you’re right and companies do make health insurance announcements before the elections. But I’ll wager those brave enough to do so will be hauled before the ~~Star Chamber~~ lame duck Congress and raked over the coals to explain their heresy. Obama will bring back buring at the stake for such witchcraft, in full display on the Mall. That’ll teach Glan Beck and those damn Tea Partiers to hold rallies there.

Barry the Man-Child is in charge, and you better believe it!

By: Richard Aubrey

Richard Aubrey — Fri, 01 Oct 2010 11:56:00 +0000

Otiose,
I think the have to, GAAP and so forth. But the Admin is going to threaten them–already has threatened various insurance companies for discussing increased premiums.
Fun for all.
I forget. Who voted for these crooks?

By: Otiose

Otiose — Fri, 01 Oct 2010 04:31:04 +0000

Don’t be surprised if a great many companies decide to announce – between now and November 2nd – the impact Obama’s health care plan will have on their financial situation.

By: strcpy

strcpy — Fri, 01 Oct 2010 03:34:17 +0000

This was one of the things that industry people said would happen and the HCR bill supporters told them they were idiots. The assumption was that money went two places – to pay claims and profit and there was too much in the way of profits.

Not so, there are other costs and they are *not* taken into account. So in order to meet these guidelines they also have to increase claims payouts to cover their costs so they need more than 100% of their revenue to do that. Case closed, company/division folds up. They can’t print money or force people to pay them more – even then that is going to fail us at some point.

Frankly thier plan was taken from South Park:

step one: pass bill
step two: ???
step three: FREE HEALTHCARE!

Frankly I do not care if someone is liberal or conservative as long as they realize that step two almost guarantees radical failure. Liberals/leftist seem to depend on step two MUCH more heavily than conservatives but both do to some extent. However as long as step two is relatively reasonable then it will typically work out (though I do think most ideas with a reasonable step two push one towards conservatism).

Obama care’s fun is just starting. Everyone calls it that too – it is hung entirely on his neck. The dems are already talking about having to force cost reducing preventive care or tax “unhealthy” things out of existence because they are in the same boat – face spiraling costs that no amount of revenue can cover or “save costs” by simply dropping all coverage.

Further since it is incremental it is the gift that keeps on giving. Politically if it all went into effect immediately they could hope for acceptance/forgetfulness before the elections, but no every few months a bold new step is going to happen that screws most people and gets it back in the news and the forefront of their minds. If it were to be passed (and I think it pretty much inevitable after the 08 elections) then the republicans couldn’t have crafted that part better.