The rising cost of health careThe rate of rise in the cost of health care is accelerating. After Obama promised us that he would cause it to recede.
By Sarah Bruyn Jones, Roanoke Times
This year, Carilion Clinic has paid approximately 80 percent of the health care premium costs for full-time employees.
Beginning in 2011, the region's largest employer will decrease its contribution significantly, absorbing an average of 66 percent of the premium costs.
The cost shifting has had a major impact on many of Carilion's 11,000 employees, with some seeing their contributions double for the new year.
The increases come after Carilion has posted grim financial results that include two straight years of losing money.
This year, there is another complication thrown in the mix: the health care overhaul signed into law by President Obama.
In some cases, as companies scramble to comply with early provisions of the Patient Protection and Affordable Care Act, the law is leading to more lavish benefit packages, but at an increased cost. Requirements that plans cover dependent children up to age 26 and cover preventative health care costs (such as well-baby visits) at 100 percent are having an impact. Additionally, companies must eliminate lifetime caps on coverage, adding to the increased expense for companies.
The human resources consulting firm Mercer said to expect corporate health care costs to increase between 4 percent and 6 percent above normal trends because of the new costs associated with reform.
Shifting costs to employees, as Carilion has done, is something many businesses are facing. [link]
Adding 30 million welfare recipients (those who will get government-paid care for free) to the roles will have that effect. As we told you it would all along.
Hey, somebody has to pay for it.
To go along with their food stamps.
And their free "tax credits."
And their subsidized heating bills.
To those of you (especially to the nitwits at the Roanoke Times) who actually bought into Obama's chicanery, an admission of your error would be nice at this point.
As for us, we made our attitudes known last Tuesday.
ObamaCare is nothing more than another Democrat welfare program. How many times did I tell you that?