November 3, 2016

NEWS YOU CAN USE: Here’s how the impending ObamaCare disaster affects you.

Insured through work? The law forces employers to provide a one-size-fits-all benefits package costing much more than pre-ObamaCare coverage. The law also imposes a slew of new taxes. No surprise, employers are offsetting these costs by raising deductibles and reducing family coverage. In 2017, many companies will eliminate insurance for spouses.

Working part-time? Hundreds of thousands of workers have had their hours cut because ObamaCare requires employers to cover full-time employees, meaning those working 30 hours a week or more. Ironically, colleges, where Democrats outnumber Republicans, are major culprits, slashing hours for adjuncts and student workers to evade providing insurance.

Job-hunting? ObamaCare dampens the job market. In New York, 17 percent of service companies and 21 percent of manufacturers are reducing their workforces to stay below 50 full-time workers and dodge the employer mandate, according to the New York Federal Reserve.

Sixty-five or older? ObamaCare awards bonus points to hospitals that spend the least per senior. Researchers found that at 231 hospitals getting bonuses for low spending, seniors died needlessly because of inadequate care. For example, seniors having heart attacks were forced to wait too long for angioplasties and died before they could get the procedure.

More at the link.

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