Obamacare seeks to help the (relatively) few (in the millions) at the expense of the many (in the hundreds of millions). This is too bad because I believe we could and should have helped the relatively few without taking it out of the hide of the many—but that would have required the government to eschew a power grab, and liberals these days are all about power grabs. That point aside, Boeing’s workers are among the first to feel the magic of Obamacare. From the story:
Aerospace giant Boeing is joining the list of companies that say the new health care law could have a potential downside for their workers. In a letter mailed to employees late last week, the company cited the overhaul as part of the reason it is asking some 90,000 nonunion workers to pay significantly more for their health plan next year. A copy of the letter was obtained Monday by The Associated Press. “The newly enacted health care reform legislation, while intended to expand access to care for millions of uninsured Americans, is also adding cost pressure as requirements of the new law are phased in over the next several years,” wrote Rick Stephens, Boeing’s senior vice president for human resources.
Boeing is the latest major employer to signal a shift for its workers as a result of the legislation, which expands coverage to more than 30 million uninsured people and ranks as President Barack Obama’s top domestic achievement. Earlier, McDonald’s had raised questions about whether a limited benefit plan that serves some 30,000 of its employees would remain viable under the law. That prompted the administration to issue McDonald’s a waiver from certain requirements under the law. Spokeswoman Karen Forte said the Boeing plan is more generous than what its closest competitors offer, and the company was concerned it would get hit with a new tax under the law. The tax on so-called “Cadillac” health plans doesn’t take effect until 2018, but employers are already beginning to assess their exposure because it is hefty: at 40 percent of the value above $10,200 for individual coverage and $27,500 for a family plan.
Nice job, Obamoacarians. And this is just the pump being primed for even worse to follow.