The bigger cost will be put on employers who will be required to offer insurance plans if they have 51 employees or more. Field said most large companies already provide coverage, but the change will be bigger for medium-sized companies.<quoted text>
Carol, you're still harping about Obamacare and still unable to admit that it was built on a template laid out by the Heritage Society, Richard Nixon and Bob Dole and enacted into law in Massachusetts by Mitt Romney. It was actually a boon for private insurance by providing them with millions of new customers.
In return they have to take all comers, can't cut off coverage when someone gets sick or cap coverage cutting off treatment in mid course. They have to spend 80% of what they take in on medical coverage, not on executive compensation and overhead. It will allow my son a junior in college and who turns 21 in March to continue on our policy until he graduates and is able to get coverage on his own. It will save millions of senior citizens money on prescription drugs by shrinking and eventually eliminating the Medicare part D donut hole.
Liberals didn't get what they wanted; the public option, which was supported by 57% of the American people but wasn't able to get through due to opposition from Republicans and some Democrats like the soon to be departing Joe Lieberman.
The cost of Obamacare is a pittance compared to the $11.6 million lost to the treasury every HOUR from the Bush tax cuts for the very wealthy which the GOP is fighting tooth and nail to extend.
There is some concern that the fees employers have to pay may be transferred either to the employee or the customer through more expensive services and goods. Whether the ACA will cut into salaries is unknown right now.
Everytime the government adds more fees and taxes, that's usually what happens. It gets passed on to the customer and, in this case, the employee.