Reply #29: Companies will start dropping employee health benefits

[RM33]

There are two results out of Obamacare.

1.) Major corporations plan to end employee health benefits. They are saying that it is cheaper to pay Obama's fine than provide healthcare.

http://money.cnn.com/2010/05/05/news/companies/dropping_benefits.fortune/index.htm

2.) I saw this at a local news program. Studies show that under Obamacare, the cost of healthcare will go up. Small firms with 50+ employees or more must provide health care. So what small businesses will do is fire people so that they can get under the 50+ magic number. Then drop the health benefits.

One result of Obamacare is that many if not all American's will lose their health benefits and then they must buy it themselves. And that provision in Obamacare that young people can use their parents health care until 27th year of age. Forget it. Companies will be dropping their benefits so people under the age of 27 will have to buy their own health care.