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Old 08-23-2009, 03:21 PM
 
Location: Chicago, IL
8,998 posts, read 14,787,921 times
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t r u t h o u t | CBO: Public Plan Would Not Drive Private Insurers Out of Business

[QUOTE The report by the nonpartisan Congressional Budget Office said the public option proposed by Democrats would not drive private insurers out of business and most people would still choose to get their medical coverage through employers.][/quote]
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Old 08-23-2009, 03:22 PM
 
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I thought Walmart covered full time employees under a group health plan. How could they qualify for Medicaid coverage if they had medical through the employer?
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Old 08-23-2009, 03:37 PM
 
Location: Chicago, IL
8,998 posts, read 14,787,921 times
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Quote:
Originally Posted by pommysmommy View Post
I thought Walmart covered full time employees under a group health plan. How could they qualify for Medicaid coverage if they had medical through the employer?
You have to work there x amount of time before the benefits kick in, not uncommon. I can't argue with that one TOO much even though if you're management-level, your benefits kick in the first day of work. If you're an average associate, you have to wait a year.

In a book I'm reading now titled The Retail Revolution: How Wal-Mart Created a Brave New World of Business,
Quote:
That just 50 percent of all Wal-Mart associates sign up for one of the company's medical insurance plans is shameful. But of equal cause for concern is the real cost of that medical insurance deficit, so often borne by the larger public whose taxes pay for one of the several state and federal insurance plans for which low-wage Wal-Mart workers are eligible.

Indeed, in some twenty-four states the offspring of those employed at Wal-Mart compose the largest group participating in the federal Children's Health Insurance Program, designed for families whose incomes are so low that they qualify for subsidized medical insurance. In George 10,261 Wal-Mart children enrolled in "PeachCare" the state's health insurance program for poor children. This was a huge number, representing one in four children of all Wal-Mart associates.
In recent years, Wal-Mart has relied more on part-time workers and has increased the number of hours you must work in order to be considered full time.

In California, UC Berkley found that Wal-Mart wages made it necessary for tens of thousands of company employees to rely on public "safety net" programs such as food stamps, Medicare, CHIPs, and subsidized housing.

In 2007 the standard Wal-Mart plan offered family coverage with a health insurance premium of $2,320-4,093 per year. The cheaper plans seem almost affordable but no benefits kick in until a $3,000 deductible is met.
(Retail Revolution: How Wal-Mart Created a Brave New World of Business-Nelson Lichtenstein)
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Old 08-23-2009, 06:09 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,870,208 times
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Of course businesses will stop providing health insurance benefits,why would they want to continue to???

Also don't be expecting a pay raise to make up the difference in employee costs....you will be waiting an awful long time...LOL
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Old 08-23-2009, 06:11 PM
 
9,855 posts, read 10,413,498 times
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Quote:
Originally Posted by PurpleLove08 View Post
You have to work there x amount of time before the benefits kick in, not uncommon. I can't argue with that one TOO much even though if you're management-level, your benefits kick in the first day of work. If you're an average associate, you have to wait a year.

In a book I'm reading now titled The Retail Revolution: How Wal-Mart Created a Brave New World of Business, In recent years, Wal-Mart has relied more on part-time workers and has increased the number of hours you must work in order to be considered full time.

In California, UC Berkley found that Wal-Mart wages made it necessary for tens of thousands of company employees to rely on public "safety net" programs such as food stamps, Medicare, CHIPs, and subsidized housing.

In 2007 the standard Wal-Mart plan offered family coverage with a health insurance premium of $2,320-4,093 per year. The cheaper plans seem almost affordable but no benefits kick in until a $3,000 deductible is met.
(Retail Revolution: How Wal-Mart Created a Brave New World of Business-Nelson Lichtenstein)
In the state of Texas benefits begin in 90 days for everyone regardless of position.
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Old 08-23-2009, 06:13 PM
 
Location: Great State of Texas
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And for those employers that do keep it that 8% tax will for sure get passed on to the employee and not absorbed by the employer.
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Old 08-23-2009, 06:14 PM
 
Location: Great State of Texas
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Quote:
Originally Posted by pommysmommy View Post
In the state of Texas benefits begin in 90 days for everyone regardless of position.
Some regulations/rules are by State not Federal law.
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Old 08-23-2009, 06:14 PM
 
Location: Sierra Vista, AZ
17,531 posts, read 24,698,072 times
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Quote:
Originally Posted by pommysmommy View Post
I think they will. My employers pay $500 per month to insure individual employees under our small goup plan. Our plan has a $1000 deductible. If the government offers a more affordable option, it would be cost effective to give the employees a raise to allow them to pay the premium for the public option versus continuing to pay the increasing annual premiums. Private insurers will not be able to compete. The government cannot mandate that small employers provide insurance coverage without putting many out of business.
So if the Government option is cheaper and better than what you have now, what's the loss? Some poor United Health CEO might have his package reduced from $800 million to $600 million. He'll have to sell his Island in Greece. Boo Hoo. One in seven Health Care Dollars goes to ONE MAN
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Old 08-23-2009, 06:15 PM
 
Location: Chicago, IL
8,998 posts, read 14,787,921 times
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Quote:
Originally Posted by pommysmommy View Post
In the state of Texas benefits begin in 90 days for everyone regardless of position.
Well good for those in Texas.

Last I checked we have 50 states in the United States of America....
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Old 08-23-2009, 06:16 PM
 
9,855 posts, read 10,413,498 times
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Quote:
Originally Posted by Boompa View Post
So if the Government option is cheaper and better than what you have now, what's the loss? Some poor United Health CEO might have his package reduced from $800 million to $600 million. He'll have to sell his Island in Greece. Boo Hoo. One in seven Health Care Dollars goes to ONE MAN
The loss will be that covered members will get a lesser quality of coverage under a public option.
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