More After-effects of Obamacare — Another Just in Time for November moment
If there are any Obama-bots yet out there who still wax poetic over this “we have to pass the Bill so you can read what’s in it” legislative debacle, I point you to these three current articles below.
From the Washington Free Beacon, “Obamacare Hurts Private Sector Hiring“:
Data from Wednesday’s Job Openings and Labor Turnover Survey showed that 4.8 million job openings existed at the end of August–the highest they have been since January 2001. But people are not taking the jobs. There were 300,000 fewer hires in August than in July, reflecting underlying problems with the job market.
These data show that businesses are hesitant to fill their job openings—or workers are hesitant to take them. With uncertainty surrounding the Affordable Care Act’s employer mandate looming large for employers, it is no surprise that hiring rates are failing to pick up.
Businesses with over 49 full-time equivalent employees were originally supposed to offer insurance plans that met broad government requirements by January 1, 2014. Now, because of delays made by the administration, employers with over 100 employees must provide healthcare coverage to at least 70 percent of their workforce or face fines of $2,000 per worker after January 1, 2015. In reality, this penalty is over $3,000 since it is not tax deductible. Growing from 49 to 50 workers will cost a business $60,000 in penalties once the mandate goes into effect for smaller companies on January 1, 2016, as the first 30 workers will be exempt.
From The Daily Caller: Louisiana, Iowa Obamacare Premiums Rise by Double-Digits, (excuse me, Mary, but didn’t you vote for Obamacare?)
In Louisiana, 2015 plans will be much costlier, according to The Times-Picayune. Blue Cross Blue Shield of Louisiana, the exchange’s largest insurer, is hiking prices between 18.3 percent and 19.7 percent for three different plans.
Iowa also approved large rate hikes Thursday. CoOportunity adjusted its premium hikes up to 19 percent on average, however, after initially requesting a boost of just 14.3 percent. The other top exchange insurer, Coventry will increase rates by 8.7 percent.
The Des Moines Register also notes that WellMark, which doesn’t offer coverage on the state’s Obamacare exchange, is also raising rates. WellMark, the largest insurer in the state, is upping prices on 250,000 policies, with most hikes lower than 6.1 percent.
And from The Huffington Post, Walmart Cuts Health Care Coverage for Most Part-Timers In Wake of Obamacare
Wal-Mart Stores Inc. plans to eliminate health insurance coverage for some of its part-time U.S. employees in a move aimed at controlling rising health care costs of the nation’s largest private employer.
Wal-Mart told The Associated Press that starting Jan. 1, it will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move affects 30,000 employees, or about 5 percent of Wal-Mart’s total part-time workforce, but comes after the company already had scaled back the number of part-time workers who were eligible for health insurance coverage since 2011.
The announcement follows similar decisions by Target, Home Depot and others to completely eliminate health insurance benefits for part-time employees. It also comes a day after Wal-Mart said it is teaming up with an online health insurance agency called DirectHealth.com to help customers shop for health insurance plans.
In a recent CBS poll, only 6% of Americans believe Obamacare is actually working. I especially like this line from the story,
Though Democrats have portrayed Obamacare as a saving grace for the uninsured, according to the Kaiser Family Foundation, only 22% of uninsured Americans view Obamacare favorably.
The President commented during his speech at Northwestern University, “I’m not on the ballot this fall. But make no mistake, these policies are on the ballot. Every single one of them.” This November in the voting booth, let’s send a reply message as to what we think about Mr. Obama’s policies.