Affordable Health Care Act

[Catatonic]

The threshold for Cadillac plans is premiums of $10,200 per year for singles and $27,500 per year for families. I'll have to check with my local but I'm positive our premiums are nowhere near that, probably about half that at the most.

I remember the reference to Unions now - they are exempt from the Cadillac Tax on Health Care Insurance.

 

[Jones]

I remember the reference to Unions now - they are exempt from the Cadillac Tax on Health Care Insurance.

Well shoot, now we're back to square one.

 

[Catatonic]

Really? There is a special "union member" healthcare tax? That's interesting.

Yes, it's a Zero tax.

 

[Southwestern]

I remember the reference to Unions now - they are exempt from the Cadillac Tax on Health Care Insurance.

It's currently a temporary exemption though 2018.

 

[brett636]

Wouldn't any increases be offset by the higher number of insured? Also, the majority of young people under the age of 26 require little more than preventative medicine, so the additional costs should be minimal.

No, not exactly. Higher numbered of insured patients means more people seeing the same number of doctors. A simple supply and demand evaluation will tell you that when the demand goes up, but supply remains the same the cost goes up to compensate. When the cost rises, the insurance rates have to rise accordingly to keep everything in balance, and raise they will much faster than they would have otherwise.

It's projected to slow the rate of the increase, whether it will actually do that I have no idea. Costs are going up regardless so the reality is that we are all going to pay more at some point we may get some respite because our benefits are negotiated but eventually we will get hit, my guess is that it won't happen in this contract.

The government has projected many things wrong over the years. When obamacare passed it was supposed to cut the deficit, but future review discovered that it won't and in fact will add to the deficit. Again, I still don't know how increasing the liability of insurance companies along with increasing the demand for healthcare services while restricting the available supply will help keep costs down at all.

 

[brown_trousers]

No, not exactly. Higher numbered of insured patients means more people seeing the same number of doctors. A simple supply and demand evaluation will tell you that when the demand goes up, but supply remains the same the cost goes up to compensate. When the cost rises, the insurance rates have to rise accordingly to keep everything in balance, and raise they will much faster than they would have otherwise.

The problem is not in the number of people we will be adding to health care insurance, it is the demographic of the people we will be adding. Obamacare is going to add a substantial amount more "un-healthy" people who will make more insurance claims, than it will add "healthy" people with fewer insurance claims.

Its a recipe for disaster as far as the cost of health care is concerned. The whole concept that allows the insurance industry to work, is that people who "use" insurance more, pay more to offset the burden they place on the system (health insurance, car insurance, homeowners insurance, etc..). This is what keeps the system in equilibrium.

 

[klein]

And this is what happens when the whole nation has healthcare bennies (higher wages for those that work harder, instead of paying high bernnies) :

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[Fullhouse]

Just remember these health care plans have to meet certain government standards before they are approved. I'm sure UPS will weigh the cost of meeting these standards to the cost of just paying the fine. Also anything job under 30 hrs the employer will not be mandated to supply insurance. Rarely do any of our part times achieve 30 hrs a week. UPS solution is instruct all part timers to stay under 29 hrs if not "termination for failure to follow
instructions!" Plain and simple. Its all about the money!

 

[UpstateNYUPSer(Ret)]

It would not surprise me at all if new part-timers hired after the ratification date of the upcoming contract would be paid a higher wage in lieu of receiving health benefits.

 

[PiedmontSteward]

Just remember these health care plans have to meet certain government standards before they are approved. I'm sure UPS will weigh the cost of meeting these standards to the cost of just paying the fine. Also anything job under 30 hrs the employer will not be mandated to supply insurance. Rarely do any of our part times achieve 30 hrs a week. UPS solution is instruct all part timers to stay under 29 hrs if not "termination for failure to follow
instructions!" Plain and simple. Its all about the money!

Labor contracts supersede that language in the ACA. UPS can't arbitrarily cut our health insurance.

 

[PiedmontSteward]

It would not surprise me at all if new part-timers hired after the ratification date of the upcoming contract would be paid a higher wage in lieu of receiving health benefits.

I've been waiting for this! Know what I'm thankful for? That you're not on the contract negotiating committee, Upstate.

 

[Jackburton]

Just another reason to do a Roth(401k) over a traditional(401k).

 

[EmraldArcher]

Depends how you look at it :

We could slash taxes like the US did and have tax rates below those of 50 years ago and run a huge national deficit and trillions in total National debt, or do as we do, and pay more taxes and run more of a balanced budget.

Canada has a national debt of about 600 billion, rising about $1000 a second.

Not quite the 16 trillion of the US but let's not pretend Canada doesn't do it's share of over-spending.

 

[DS]

Canada has a national debt of about 600 billion, rising about $1000 a second.

Not quite the 16 trillion of the US but let's not pretend Canada doesn't do it's share of over-spending.

I bought a fridge yesterday instead of Christmas gifts.
600 billion and 16 trillion are light years apart.

 

[UpstateNYUPSer(Ret)]

600 billion wouldn't cover the interest on 16 trillion.

 

[klein]

Canada has a national debt of about 600 billion, rising about $1000 a second.

Not quite the 16 trillion of the US but let's not pretend Canada doesn't do it's share of over-spending.

We had a surplus budget, until the US fell into recession in 2008.
Canada did a stimulus spending, kinda like the US and Europe.
So, that's where the shortfall came in, and we are still paying for it.
Balanced budget is forecasted in 2016, when is your's ?

 

[moreluck]

We had a surplus budget, until the US fell into recession in 2008.
Canada did a stimulus spending, kinda like the US and Europe.
So, that's where the shortfall came in, and we are still paying for it.
Balanced budget is forecasted in 2016, when is your's ?

The U.S. hasn't had a budget....balanced or unbalanced.....for 4 years. Against the law, but nobody seems to care.

 

[brown_trousers]

The U.S. hasn't had a budget....balanced or unbalanced.....for 4 years. Against the law, but nobody seems to care.

There's no way Obama could afford any of his ideas if he had to work within a budget!!!

He likes to spend money he doesn't yet have, in the "hopes" that the revenue will show up later. lol.... I can only imagine the financial lessons he teaches his children!

 

[moreluck]

There's no way Obama could afford any of his ideas if he had to work within a budget!!!

Why does he think he's different than the 43 predecessors????

 

[island1fox]

Wait until Jan 2014 when the sh-- hits the fan. All the dopey 26 year olds that voted for Obama --will now be fined or will have to lay out thousands of dollars a year for Health coverage --they have no idea what Obamacare is --they believe it is all free --idiots !!