Happy Wednesday folks,
Paul Ziobro and Louise Radnofsky of The Wall Street Journal recently reported that Target will “stop offering health coverage for part-time employees” due to Obamacare.
Thousands of part-time employees will stop receiving coverage on April 1 of this year.
This is evidence of more disruption caused by Obamacare, as “many big employers have been bracing for higher costs as employees who previously turned down participation in the company health plan now sign up for it.”
This is not the first (and probably not last) problem that Obamacare has caused to people with employer-based insurance.
As the AP’s Carla K. Johnson and Tom Murphy remind us: “Many companies already are starting to change benefits to avoid an overhaul-mandated tax on high-cost plans that takes effect in 2018. One way a company can lower the cost is to raise an employee’s out-of-pocket expenses.”
So, your plan may introduce a bigger deductible, which is the amount you have to pay for care before most coverage starts. It also might require you to start paying more at the doctor’s office in the form of a higher co-payment.”
This echoes a warning from Kaiser Health News in December, when Julie Appleby said if you’re a worker with employer-sponsored healthcare (as 150 million Americans are), “you will have to dig deeper into your own pocket.”
Bottom line: Obamacare is hurting millions of Americans, and more problems with the law are coming to light every day. It’s unfair that hard-working people suffer under the law while President Obama, Senate Majority Leader Reid, and House Minority Leader Pelosi continue to ignore its problems.
Seize the day.