Via The Douglass Report
Employers could earn billions by ditching insurance
If you're not fed up with the ObamaCare lies yet, wait until you hear this next one -- because it's a doozy, even by crooked Washington standards.
The president promised that his plan won't change a thing for people who already get health insurance through an employer... but it looks like someone forgot to tell the employers that, because corporate America is already planning to cut you loose.
The new law gives most employers a choice: Fund health insurance for your workers, or pay a fine. Sounds great for the workers -- until you run the numbers.
Don't bother getting out your calculator, corporate America has already beaten you to the punch. It took them all of 12 seconds to figure out that it would be cheaper to kill their insurance plans and pay the fines.
Just look at AT&T. They might provide lousy phone service, but they're pretty good with math -- they've calculated that ditching health insurance for employees would cost them $600 million in ObamaCare fines, according to the Wall Street Journal.
But since they paid $2.4 billion in health care costs last year, that's the quickest and easiest $1.8 billion they'll ever make.
Thank you, Mr. President. Here's a free iPhone.
Caterpillar, John Deere and Verizon are all crunching their own numbers, according to the Journal... and I'll bet your employer is as well.
Remember, once they drop your insurance you will be required by law to buy your own -- and don't think for a moment that it'll be cheaper or better. Some of my middle-class friends will have to pay $1,000 a month or more for their "free" ObamaCare.
Meanwhile, the Congressional Budget Office said a few months ago that discretionary spending for the first decade of ObamaCare would be $55 billion. Now, they're saying it'll be $110 billion.
In a few more months, who knows -- maybe it'll be a zillion dollars. Whatever it is, you know who'll be stuck with that bill.