When in Doubt, Dems Attack Messenger,
Whistle-blowing McKinsey Consulting Firm
“WHEN is this nonsense going to stop?” AT&T calculated that dropping coverage and paying the fine rather than face the escalating future premiums associated with Obamacare and rising health care costs will save the huge firm $1.8 Billion annually.
We’re all familiar with journalists who protect their sources being sent to jail for “contempt of court.” High-profile global business consulting company McKinsey & Co. may soon be facing a similar situation. McKinsey’s great transgression? Not revealing the sources of a stunning new poll finding that “30% of employers intend to, or probably will stop offering employer-sponsored insurance after 2014 to avoid the expensive burden of Obamacare. The 78 million employees involved rank as just one more “unintended consequence” of the 2,773 page Obamacare law which creates 384 brand new federal agencies. 2014 is the year the full-impact of Obamacare is scheduled to kick-in.
It gets worse than that, however . . . . Among businesses citing “a high awareness” of what Obamacare is all about,” over half of them are planning to drop health care insurance benefits for their workers. In a phrase, the death knell for private health insurance has been sounded. Among those uncomfortable with the tolling bell: the Democratic Party, specifically Dems in the Senate, and the Obama administration who are attacking McKinsey and the results of the study. Already the threats of senate hearings have been issued. Already “requests” for McKinsey data related to the study have been mentioned. Already talk of “subpoena” power (to get McKinsey to reveal the sources of its poll results) is rampant.
Besides the now infamous 1,920 “waivers” granting freedom from Obamacare to numerous unions and progressive employers favored by the Obama administration (In April 20% of all such waivers in the country were granted to one San Francisco district whose representative is House Minority Leader Nancy Pelosi) other cracks are showing already in Obamacareland: unrelated studies have also shown that many small businesses employing slightly more than the “cut-off” number intend to lay off workers rather than face the prospect of mandatory expensive new Obamacare regulations “gutting their businesses.” (Obamacare requires employers of more than fifty workers to provide insurance for them or pay a fine). In yet another unrelated study roughly 76% of such businesses this year intend to pay the $2,000 fine per employee rather than offer insurance and dealing with Obamacare. AT&T, for example, calculated that dropping coverage and paying the fine rather than face the escalating future premiums associated with Obamacare and rising health care costs will save the huge firm $1.8 Billion annually.
Of course the kickback among Senate Dems was instantaneous. Hoping, it seems, to be able to pressure businesses with the temerity to respond honestly to the poll they want to know WHO? is responsible for such answers about their beloved takeover of the nation’s health care industry. A better question might be WHEN is this nonsense going to stop? You’ll recall that among the numerous phony projections used to sell Obamacare to the Dems themselves (no Republicans in the House or Senate voted for it) was the notion that only 2.5% of employers would find a way to opt out of the program. Chances are the Republican projections that huge portions of the business world would seek to escape Obamacare’s burdensome provisions sent the Obama administration to giggling among themselves . . . now it seems that 30% or perhaps 50%**(once they learn more of what Obamacare is all about) of all businesses might “vote with their feet” and endeavor to escape Obamacare. We repeat, “WHEN is this nonsense going to stop?”
It can now be expected that millions of the workers cut loose will be forced to shop within the government blessed "exchanges" – and will be eligible based on income levels for generous taxpayer funded premium subsidies thus predictably driving the cost to the taxpayers sky-high. Thus the Dems will once again be “buying votes with taxpayer's money” – or worse, with debt borrowed from China. ObamaCare makes subsidies available up to 400% of poverty level income.” This is wealth-redistribution that holds the potential to destroy capitalism in three years. Thus it’s now official, the Republicans were right, rather than being a program that “pays for itself” as promised, the impact on the taxpayer and the treasury and the national debt will be in the tens of TRillions of dollars. Bankruptcy of the nation looms.
Ya’all live long, strong and ornery,
**Once again the progressives in Washington, D.C. show their ignorance of reality and of the broken-window fallacy so that the taxpayer and the business owner and the owner’s employees are negatively impacted by a fanciful creation^^ of their deluded minds: Obamacare.
^^Of course that fanciful creation of the deluded mind of Jimmy Carter CRA ’77 (the Community Reinvestment Act of 1977 which forced banks and mortgage lenders to knowingly make horrifically bad home loans to highly UNDERqualified loan seekers) sent the percentage of “suspect” loans in this country from 0.24% in 1975 to 34.1% in 2005 (after four legislative expansion – three by Bill Clinton – and a Clinton regulatory expansion) and created our sub-prime lending crisis and financial meltdown. Thanks to the Clinton steroid-version legislative expansion of CRA ’77 in 1998; ACORN in 2000 found it easier to put bad loan candidates into $440,000 homes than they’d been able to put better (but still Unqualified candidates) into $110,000 homes in 1990. Instead of 3% down payment loans of 1990, many illegal aliens; and welfare recipients whose only “income” was food stamps after 2000 were put into very expensive homes with ARMS (adjustable rate mortgages); a situation just waiting to meltdown into the abyss.