Obamacare: Walmart to stop offering some new employees healthcare benefits
The unintended(?) consequences of Obamacare continue with the news today what Walmart will stop offering its new employees healthcare benefits:
Walmart, the nation’s largest private employer, plans to begin denying health insurance to newly hired employees who work fewer than 30 hours a week, according to a copy of the company’s policy obtained by The Huffington Post.
But the news doesn’t end there because Walmart also announced that some current employees will also lose their healthcare coverage:
Under the policy, slated to take effect in January, Walmart also reserves the right to eliminate health care coverage for certain workers if their average workweek dips below 30 hours — something that happens with regularity and at the direction of company managers.
Who wants to bet that it will happen with more regularity once Obamacare is fully enacted?
Walmart is doing this because it will be cheaper for them to pay the fine for not complying with Obamacare while shifting the burden of providing these people with healthcare coverage to the federal government.
Labor and health care experts portrayed Walmart’s decision to exclude workers from its medical plans as an attempt to limit costs while taking advantage of the national health care reform known as Obamacare. Among the key features of Obamacare is an expansion of Medicaid, the taxpayer-financed health insurance program for poor people. Many of the Walmart workers who might be dropped from the company’s health care plans earn so little that they would qualify for the expanded Medicaid program, these experts said.
“Walmart is effectively shifting the costs of paying for its employees onto the federal government with this new plan, which is one of the problems with the way the law is structured,” said Ken Jacobs, chairman of the Labor Research Center at the University of California, Berkeley.
I, and many of my fellow bloggers, predicted this would happen years ago when the debate over Obamacare was still going on in the Congress and now we are seeing our predictions come true right before our eyes. They way things are going, there will be no way for such employees to ever contribute to their gold IRA. Things are shaping up to get worse in my opinion.
And this was always the true goal of Obamacare from the beginning; this is why the fine for non-compliance with Obamacare was set so low, it entices businesses to shift the burden of healthcare over to the state exchanges and then eventually over to the federal government, with the ultimate goal being a single payer system and that is where we are headed. But don’t just take my word for it: