Posts Tagged ‘taxpayer-funded’

May 15, 2012

Health Care News

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The House Ways and Means Committee just released a report that shows that the most successful companies would save billions of dollars if they stopped offering coverage to their employees and dumped them into the taxpayer-funded Obamacare exchanges.

On a confidential basis, 71 Fortune 100 companies supplied information to the committee regarding the cost and coverage of their health insurance plans. The committee used the data to calculate the potential savings of dumping employees into the exchanges and paying the employer mandate penalty.

The report’s findings will likely scare the many Americans who like their current employer-sponsored insurance. The report concludes that companies could save $28.6 billion in 2014 alone by dumping their employees into the exchanges. Moreover, the savings grow over time: Between 2014 and 2023, dropping health coverage would collectively save these companies $422.4 billion—and that’s after paying the penalty.

(Read the rest on The Foundry…)

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March 23, 2010

Health Care News

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In the final hours before the passage of Obamacare, Rep. Bart Stupak (D-MI) and his like-minded Democratic colleagues announced that they would vote for the legislation after President Barack Obama agreed to sign an executive order purporting to prevent the federal government from funding abortions. But one of the problem’s with this approach is that the President isn’t bound to preserve the executive order for any length of time. The President could wake up the day after signing this executive order and rescind it. Stupak himself acknowledged this in an interview with Fox News’ Megyn Kelly: (more…)

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