Remember all those claims that the Affordable Health Care Act (ACHA) – AKA “Obamacare” – was going to make your life easier by reducing the cost of your health care? I certainly do.
Did you believe them? Well now - aren’t ye a wee bit auld to be a’ believin’ in Leprechauns, laddie?
Early figures are out. Next year, health insurance costs aren’t going down. Rather, they’re going up in 2013 – by an average of 9%.
Even Wal-Mart is raising their employees’ health coverage costs. But like Wal-Mart’s prices, their announced cost increases are substantially lower than average – around 4.4%.
Another thing to remember: under the ACHA, employers are only required to offer healthcare coverage for those working 30+ hours weekly. Given that fact – and the huge costs businesses already pay to subsidize employee healthcare – it doesn’t take a rocket scientist to figure out what businesses will do when they need more staffing.
If and when the economy ever recovers, that is. Until that happens most businesses probably won’t need to add much staffing.
And if you think the government-run solution – AKA, that touted “single payer” healthcare system you keep hearing about – will be better, you might want to read this. England’s got a long history with nationalized healthcare – one of the longest in the world, if not the longest. Their healthcare system has serious issues. The second linked article only highlights one such problem out of many.