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Walgreen's is still going to subsidize the employees' insurance but the employees will be buying it from somewhere else.
I am missing the "there" that must be there.
Every Single Democrat who voted for this appeal is going to have dozens of stories like this to run against. Good luck, dems. You voted for it, now you get to find out what is in it.
Walgreen's is still going to subsidize the employees' insurance but the employees will be buying it from somewhere else.
I am missing the "there" that must be there.
That's Right CPW.....Obamacare will end up accounting for over half of government spending on Obamacare alone. Obama and the Dems want to raise taxes and the CBO is clearly stating if they do that then the economy will hit the Brakes. So the higher taxes will cut more jobs.
The CBO themselves is now tearing up Obamas Special Blend.....yet the left still can't smell the coffee. :roll:
Walgreen Co. (WAG), the biggest U.S. drugstore chain, will move its workers into a private health insurance exchange to buy company-subsidized coverage, the latest sign of how the debate over Obamacare is accelerating a historic shift in corporate health-care coverage. Walgreen’s decision affects about 160,000 current employees and follows similar action this year by Sears Holdings Corp. (SHLD) and Darden Restaurants Inc. (DRI) As an alternative to administering a traditional health plan, all three will send their employees to an exchange run by Aon Plc.
IBM and GE recently announced similar changes in their retirees plans, which are not to be confused with UPS' decision to drop spousal coverage. CBS News reported the "big deal" announcement this morning, noting that employees may have to swallow more out-of-pocket costs due to Walgreens' cost-saving move:
What makes this particular corporate decision ironic is that Walgreens agreed to team up with HHS to promote the new law, which has now forced major benefits changes within their own company. The drug store chain is boosting a policy that has forced management to expose one of the president's core pledges as untrue,
and echoing Harry Reid's pronouncement that Obamacare is only the first step toward really fixing our still-broken healthcare system through a fully government-run single payer system. Confronted with this $2 trillion law's undeniable failures, its cheerleaders are already making the pivot to their next bad idea.....snip~
Obamacare: Walgreens Dropping Current Coverage for 160,000 Workers - Guy Benson
Obamacare takes another major hit. Walgreens one of the major backers. it just keeps on getting worse. Now the Obamatons are already pivoting as now they cannot deny the rising costs. Which means Obama hoping on the youth to fund his program may be in even more jeopardy than originally thought. Especially with those poor and middle class people. Knowing costs are going to keep going up on them. Sure he wasn't hoping on people who don't get sick that much.....people coming down on him from all sides now. Is that a look of worry in his eyes?
I'm not sure that this isn't much ado about nothing. I'd need more information.
If what Walgreen's is currently doing is offering their employees "our healthcare package," a generic one-size-fits-all, then moving to a Walgreen's Exchange where employees have more options isn't necessarily a bad thing.
- How is this different from what they're doing now?
- How will this effect employees?
"Here are six companies with whom we've negotiated who will provide a buffet of insurance products from which you'll pick the one that best suits you. We will put $14,000 annually into the equivalent of a Health Savings Account to help defray the cost of your healthcare."
^^I just made that up. But I doubt it is much different than what they have now, except that all the offered plans will be AHA compliant and Walgreen's will be out of the loop in administering the plans.
What you are missing is they are being forced out of their current insurance plan due to rising cost that Obama care was supposed to stop. What you are missing is Obama promised you could keep your insurance on his plan. What you are missing is this is exactly what "crazy right wingers" predicted would happen.
Not sure about Walgreen's but many comps like IBM are dumping eligible retirees onto Medicare which means they lose their insurance and in many cases their doctors.
Are there really people who understood what the president said to mean that employers would no longer be allowed to change health benefit offerings for their employees? Ever?
Well, that's sure a money-saving move for the retirees. Why would Walgreen's ever usurp Medicare with their own coverage? That's even hard to believe. They would only "lose their doctors" if they chose a plan out of the exchange that offered HMO-type coverage. They'd do that because it was cheaper for them.
I looked that up -- and IBM's contribution to retirees' healthcare was capped in 1990; so while this may save retirees money, it isn't a cost-saving move for IBM.
Walgreen Co. (WAG), the biggest U.S. drugstore chain, will move its workers into a private health insurance exchange to buy company-subsidized coverage, the latest sign of how the debate over Obamacare is accelerating a historic shift in corporate health-care coverage. Walgreen’s decision affects about 160,000 current employees and follows similar action this year by Sears Holdings Corp. (SHLD) and Darden Restaurants Inc. (DRI) As an alternative to administering a traditional health plan, all three will send their employees to an exchange run by Aon Plc.
IBM and GE recently announced similar changes in their retirees plans, which are not to be confused with UPS' decision to drop spousal coverage. CBS News reported the "big deal" announcement this morning, noting that employees may have to swallow more out-of-pocket costs due to Walgreens' cost-saving move:
What makes this particular corporate decision ironic is that Walgreens agreed to team up with HHS to promote the new law, which has now forced major benefits changes within their own company. The drug store chain is boosting a policy that has forced management to expose one of the president's core pledges as untrue,
and echoing Harry Reid's pronouncement that Obamacare is only the first step toward really fixing our still-broken healthcare system through a fully government-run single payer system. Confronted with this $2 trillion law's undeniable failures, its cheerleaders are already making the pivot to their next bad idea.....snip~
Obamacare: Walgreens Dropping Current Coverage for 160,000 Workers - Guy Benson
Obamacare takes another major hit. Walgreens one of the major backers. it just keeps on getting worse. Now the Obamatons are already pivoting as now they cannot deny the rising costs. Which means Obama hoping on the youth to fund his program may be in even more jeopardy than originally thought. Especially with those poor and middle class people. Knowing costs are going to keep going up on them. Sure he wasn't hoping on people who don't get sick that much.....people coming down on him from all sides now. Is that a look of worry in his eyes?
Obama care changed the health care world and "never" is happening exactly as Obama care takes effect. His plan is forcing companies to drop insurance plans EXACTLY as predicted by so called right wingers when we were having the original debate.
Goodbye private insurance, hello Medicare. Goodbye old doctor and start searching for a new doctor.
I don't know if that's a yes. Did rightwingers believe the president was saying that every employer was locked into continuing to offer the plan they offered their employees in 2009, in perpetuity? And that's why seeing employers change benefit offerings proves he "lied"?
I'm not sure that this isn't much ado about nothing. I'd need more information.
If what Walgreen's is currently doing is offering their employees "our healthcare package," a generic one-size-fits-all, then moving to a Walgreen's Exchange where employees have more options isn't necessarily a bad thing.
- How is this different from what they're doing now?
- How will this effect employees?
"Here are six companies with whom we've negotiated who will provide a buffet of insurance products from which you'll pick the one that best suits you. We will put $14,000 annually into the equivalent of a Health Savings Account to help defray the cost of your healthcare."
^^I just made that up. But I doubt it is much different than what they have now, except that all the offered plans will be AHA compliant and Walgreen's will be out of the loop in administering the plans.
If you looked at why IBM and others are doing this you will see that they are projecting insurance cost to triple by 2020. Wasn't Obama care supposed to stop or at least slow the rise in insurance cost? It seems to have done exactly the opposite and companies are doing what they have to in order to survive. Goodbye private insurance, hello Medicare. Goodbye old doctor and start searching for a new doctor.
The fact is what is happening is exactly what anti Obama care people said would happen. Obama care would force companies to dump their current insurance plans.
I'm not sure that this isn't much ado about nothing. I'd need more information.
If what Walgreen's is currently doing is offering their employees "our healthcare package," a generic one-size-fits-all, then moving to a Walgreen's Exchange where employees have more options isn't necessarily a bad thing.
- How is this different from what they're doing now?
- How will this effect employees?
"Here are six companies with whom we've negotiated who will provide a buffet of insurance products from which you'll pick the one that best suits you. We will put $14,000 annually into the equivalent of a Health Savings Account to help defray the cost of your healthcare."
^^I just made that up. But I doubt it is much different than what they have now, except that all the offered plans will be AHA compliant and Walgreen's will be out of the loop in administering the plans.
Heya MaggieLets see if this helps.
The problem for employees, though, is that a flat subsidy for spending in private exchanges just transfers the burden of rising costs from the employer to the employee. If employers like Walgreens expected ObamaCare to actually control costs, they wouldn’t be dumping employee coverage. CBS This Morning’s Jill Schlesinger calls this “a big deal,” and points out that this gets Walgreens and other corporate employers off the hook for compliance costs:
“I can’t see how this is going to be good for the employee in the future,” Schlesinger adds, given the CBO projection yesterday of health-care cost escalation over the next twenty years.
By the way, this move comes just two months after Walgreens agreed to partner with HHS on promoting ObamaCare — which was supposed to drive that cost curve downward:....snip~
Video: Walgreens to dump employee coverage for 160,000 « Hot Air
If by "dumping their current insurance plans," you mean buying a different one, sure. That happens all the time. That's why there's an open enrollment period every single year.
I'm suspecting that some of the "anti Obamacare" people you speak of don't have a particularly good grasp of how the world works.
Open enrollment does not require that you sign up each year. That is just your chance to make changes to your plan. I worked in health care 25 years, some of that in the business end of it. I know exactly what is going on. Those who support Obamacare do not.
Why do you keep on saying that? It's not true. Medicare doesn't limit what doctors one can see unless you choose a cheap-assed HMO supplement. And, if you search, you'll probably find an HMO that will cover your present doctor anyway.
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