were witnessing the end of days for employer-based health plans...keep an eye on yours if you have one, it could be next on the chopping block... As the fallout over the federal web site continues, one of the more insidious objectives of the health care overhaul is also becoming clearer. Behind the doubletalk of providing “universal” and “affordable” coverage, from the outset the health care legislation has been devised as a means of dismantling the employer-based system of insurance that for decades has guaranteed a basic level of health care for millions of workers in the US. Modeling themselves after the ACA, major companies, including IBM, Time Warner and Caterpillar, have already shifted their retirees off of company-administered health care plans and into privately run health care exchanges. Others, such as Sears Holding and Darden Restaurants, have moved their active employees to these private exchanges. According to one estimate, within the next five years nearly a quarter of the 170 million people presently enrolled in company-sponsored plans will be dumped by their employers onto these private exchanges.
Posted on: Fri, 08 Nov 2013 21:12:32 +0000
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