Friday, October 22, 2010

"Thanks To Obama And Health Care Reform, I'm No Longer Paying For My Employees' Insurance"

You know, some of us saw this coming...

Thanks To Obama And Health Care Reform, I'm No Longer Paying For My Employees' Insurance
Politics mandated that Obama and his fellow Democrats at least pretend that their legislation will constrain runaway spending. The new law’s very name is part of that pretense. But there is little in the actual legislation that has any real prospect of controlling spending; instead, the law attempts to control premiums by fiat through new regulations and oversight. Government may be able to prevent insurers from pricing policies in ways that make sense, but it can’t force them to operate at a loss. The other shoe, in the form of higher premium prices or a rollback of the new law’s mandates, is certain to drop. Higher prices are the more likely outcome.

...

The law’s supporters will portray employers like me as bad guys who are using the new law as a smokescreen to make changes we wanted to make anyway. Though the accusation is false, it has a germ of truth: Runaway health insurance costs have been a burden for every business that pays them. Every sensible manager has at least considered steps to stem this financial hemorrhage. Many of us were just holding on so as not to disrupt employees’ lives while we waited for policymakers to do something.

Now they have done something, and it only made the problem worse.

Can you say un-in-tend-ed con-se-quenc-es?

I thought you could...

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