| | Citing health overhaul, AARP hikes employee costs | |
| | Author | Message |
---|
KK
Location : New York Super Powers : poastwhore Number of posts : 8316 pennies : 7853 Rep : 354
| Subject: Citing health overhaul, AARP hikes employee costs Thu Nov 04, 2010 7:51 pm | |
| Ah the reality of Obamacare is starting to set in. Interesting how this came out after the election, not before. The erosion would have been so much greater. At least Americans are starting to recognize failure. And here is a perfect example of it. Obamacare. Abd this is the future for everyone who has provided healthcare. No surprises, anyone who really understood what this plan was all about knew this was coming.
Citing health overhaul, AARP hikes employee costs WASHINGTON – AARP's endorsement helped secure passage of President Barack Obama's health care overhaul. Now the seniors' lobby is telling its employees their insurance costs will rise partly as a result of the law.
In an e-mail to employees, AARP says health care premiums will increase by 8 percent to 13 percent next year because of rapidly rising medical costs.
And AARP adds that it's changing copayments and deductibles to avoid a 40 percent tax on high-cost health plans that takes effect in 2018 under the law. Aerospace giant Boeing also has cited the tax in asking its workers to pay more. Shifting costs to employees lowers the value of a health care plan and acts like an escape hatch from the tax.
"Most plan co-pays and deductibles have been modified," Jennifer Hodges, AARP's director of compensation and benefits, wrote employees in an Oct. 25 e-mail. "Plan value changes were necessary not only from a cost management standpoint but also to ensure that AARP's plans fall below the threshold for high-cost group plans under health care reform."
AARP officials said medical inflation is the main reason employee costs will be going up. The health care law is "a small part," said David Certner, legislative affairs director.
Although the tax on so-called "Cadillac" health care plans doesn't take effect for years, employers are already beginning to assess their potential exposure because it is hefty: at 40 percent of the value above $10,200 for individual coverage and $27,500 for a family plan. The tax is intended as a savings measure, to prod employers and workers into more cost-efficient plans.
Certner said AARP's plans are currently under the threshold for the tax. "We intend to stay below those thresholds," he said. "It's not in anybody's interest to move above those thresholds, not the employees' nor the employer's."
AARP officials say the organization's public policy recommendations are made independently of other considerations, including its range of business ventures, from travel, to insurance, to publishing.
The 40 million-strong AARP represents people 50 and older, including retirees on Medicare and Social Security. Its endorsement of health care overhaul came at a critical time last year, days before a close vote on the House floor.
"The impact on AARP employees is not a factor at all in our policy making, which is directed at the impact on our membership and on all older Americans," said Certner.
About 4,500 people are covered by AARP's plans, including employees, dependents and retirees.
"We supported the (health care) package because it contained incredibly important protections for our younger members, who often have problems getting access to care," said spokesman Jim Dau. "And because it helps our older members in Medicare with important new benefits."
Starting in 2014, the overhaul law prohibits insurance companies from turning down people with medical problems, and limits what they can charge older customers. It gradually closes the coverage gap in the Medicare prescription benefit, and improves coverage for preventive care.
The Obama administration says changes required by the law so far have only had a minimal, single-digit impact on premiums. Many benefits experts agree with that assessment but point out that the increases come on top of untamed health care inflation.
AARP warned its employees that more cost-shifting could be in store. "AARP intends to make similar changes, as necessary, in the future to avoid the (health plan) tax," said Hodges' e-mail.
Current forecasts are that the overhaul will only have a small impact on job-based coverage, slightly reducing the number of people who would otherwise be covered by employer plans. Those workers would have access to taxpayer-subsidized coverage through new insurance markets.
| |
| | | c/thru
Blurts : What is this decade called ? Location : almost Mile High Hobbies : Freedom Tracker Humor : floating under a delicate layer of apathy Super Powers : can turn water into ice Number of posts : 3049 pennies : 3303 Rep : 123
| Subject: Re: Citing health overhaul, AARP hikes employee costs Mon Nov 08, 2010 8:48 pm | |
| I can't even tell who really wrote the Health Care Bill ... some claim it was expanded from Ted Kennedy's 167 page Health Care Bill proposal that was still sitting around | |
| | | KK
Location : New York Super Powers : poastwhore Number of posts : 8316 pennies : 7853 Rep : 354
| Subject: Re: Citing health overhaul, AARP hikes employee costs Tue Nov 09, 2010 5:30 pm | |
| - c/thru wrote:
- I can't even tell who really wrote the Health Care Bill ... some claim it was expanded from Ted Kennedy's
167 page Health Care Bill proposal that was still sitting around from the looks of it, the insurance companies and big pharmacy | |
| | | Sponsored content
| Subject: Re: Citing health overhaul, AARP hikes employee costs | |
| |
| | | | Citing health overhaul, AARP hikes employee costs | |
|
Similar topics | |
|
| Permissions in this forum: | You cannot reply to topics in this forum
| |
| |
| Latest topics | » the last person the person here wins by Admin Sun Jun 26, 2011 10:38 pm
» Interesting stuff by KK Sat Jun 25, 2011 8:54 pm
» Random Stuff... by Jats Sat Jun 25, 2011 5:58 pm
» anyone still here ? by KK Fri Jun 10, 2011 6:01 pm
» Happy Birthday C/Thru!! by Lady Snipe Dragon Fri Jun 03, 2011 12:51 pm
» vintage movie gifs by Jats Thu May 26, 2011 8:46 pm
» Oprah Memorial service by Joebert Wed May 25, 2011 5:54 pm
» Bristol Palin earns $262K for teen pregnancy work by Joebert Wed May 25, 2011 1:31 am
» whatever you feel like by Joebert Tue May 24, 2011 10:21 pm
» Trumped by Joebert Tue May 24, 2011 10:08 pm
» pick a royal wedding hat by Joebert Tue May 24, 2011 10:01 pm
» so which one of you wants to throw down? by KK Thu May 19, 2011 7:37 pm
» the photo of the year's wiki page by alivegenieII Wed May 18, 2011 6:13 pm
» Congratulations on popping C9's flaming & smite war cherry by Lady Snipe Dragon Tue May 17, 2011 11:29 pm
» President 0bama’s approval rating hits a new low by KK Sun May 15, 2011 5:32 pm
» New Books on Ward by alivejeanie Sat May 14, 2011 3:25 pm
» New Holidays ? by Lady Snipe Dragon Mon May 09, 2011 8:50 pm
» Fleamailman, care to explain this ? by c/thru Sun May 08, 2011 10:25 pm
» Happy Mothers Day.. by c/thru Sun May 08, 2011 8:12 pm
» SuperBowl countdown by Guest Sat May 07, 2011 10:14 pm
» International Womens Day 2011 by Guest Sat May 07, 2011 10:06 pm
» wuzz up suckas by KK Sat May 07, 2011 9:40 pm
» INTELLIGENCE REFORM AND TERRORISM PREVENTION ACT of 2004 by KK Sat May 07, 2011 8:39 pm
» Victron Energy and their Portfolios by KK Tue May 03, 2011 7:47 pm
» I voted today by KK Tue May 03, 2011 7:45 pm
» Flax Milk & your omegas by KK Tue May 03, 2011 7:43 pm
» Happy Easter 2011 by Lady Snipe Dragon Thu Apr 28, 2011 1:37 am
» Spanish scientists search for fuel of the future by KK Fri Apr 22, 2011 7:31 pm
» Amen !!! VIP LINKS by KK Fri Apr 22, 2011 7:28 pm
» Youtube changed their type of linking codes.. by c/thru Fri Apr 15, 2011 10:07 pm
» YOU balance the Federal Budget by c/thru Fri Apr 15, 2011 10:05 pm
» Interesting Images.. by c/thru Fri Apr 15, 2011 10:00 pm
» Avacs by KK Tue Apr 12, 2011 10:13 am
» Oil near $112 as attacks damage Libyan oil fields by KK Mon Apr 11, 2011 10:52 am
» Stamp gaffe tears Kate and William apart It may come as a shock, but Kate Middleton and Prince William have 'split' less than one month before they are due to tie the knot. by KK Tue Apr 05, 2011 9:45 pm
|
|