70% of California Small Businesses to Lose Their Plans in 2016
Comment: How long until reasonable employers discontinue offering insurance?
Does anyone remember being told that if you liked your plan you could keep it? If you already had a plan that you liked, that Obamacare wouldn’t affect you, you’d just pay less for the insurance you have? We remember, and we won’t forget the next time someone wants us to chase after unicorns and rainbows.
“SANTA CRUZ — The owners of the Sockshop and Shoe Co. face a stunning 85 percent increase in the cost of their group health insurance plan for their employees.”
[...] “The Gils, proprietors of the downtown Sockshop since 1988 and other stores in San Francisco and Berkeley, employ 25 people full time and 25 part time.”
[...] “They pay 70 percent of the cost and employees pay 30 percent.”
“Small employers had the option of “grandmothering,” keeping their plan rather than switching right away to a new policy conforming with the Affordable Care Act.”
“”It saved us a fortune for two years,” said Ellen.”
“Some 35 states are allowing renewal of grandmothered plans but the board of Covered California, which runs the state health insurance exchange, declined to do so, saying there would be no consumer benefit.“
No consumer benefit to keeping your non-Obamacare plan? Are they kidding? (Aren’t those government bureaucrats compassionate?)
[...] “According to the Los Angeles Times, 70 percent of small businesses in California offering employee health insurance will be switching because their plans will no longer be available.”
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85% Insurance Premium Increase Is A Stunner
Santa Cruz Sentinel (CA), Oct. 25, 2015