Health Care Bill Will Increase Our Insurance Premiums or Lower Benefits
Is it Designed to Save US Money?
“Deere & Co. (DE 60.49, -1.47, -2.37%) said Thursday that the health-care reform signed into law earlier this week will increase their fiscal-year expenses by $150 million.” Being for or against this bill, one thing is for sure. This bill is not designed to save us money. It never was and it never will bill. It’s ‘sole’ charitable purpose was to provide health insurance to the uninsured. Noble cause, but do not think for a minute that we will not pick up the cost. It will not be the rich, it will be all of us. Watch over the next couple years…health insurance premiums will continue to rise. The more successful you are as an individual financially, the more you will pay for the uninsured in higher taxes. This is how it goes.
Benefits are Already Being Cut Because of Rising Costs because of the Obama Bill
“Remember the part in the ObamaCare pitch when they said if you like your current healthcare, it won’t change?Turns out it might.Companies are already announcing that their healthcare premium costs are going through the roof. Some are responding by firing people. Some are cutting benefits.”
- Caterpillar said it would cost the company at least $100 million more in the first year alone.
- Medical device maker Medtronic warned that new taxes on its products could force it to lay off a thousand workers.
- Verizon announced to employees that it will likely have to cut healthcare benefits to offset the new costs.
So, people who like your employer-provided health insurance, get ready to pay more or get less. We knew this was coming. Many people are expecting Uncle Sam to suddenly provide health benefits at a reduced rate or for nothing at all. It never was the intent of this bill. The only thing that is going to happen to us is we will be required “by law” to purchase health-care. If it get’s too expensive for you, it won’t matter.
John Mylant
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Whistler Blowers, Insiders
John, in all seriousness this is crap. I mean it smells of feces.