2010-10-19

Boeing Cites Obama Care For Cost Hikes

Boeing has recently told their employees that the cost for insurance will rise; they cite the new Obamacare laws as the reason for the price hike.
In a letter mailed to employees late last week, the company cited the overhaul as part of the reason it is asking some 90,000 nonunion workers to pay significantly more for their health plan next year. A copy of the letter was obtained Monday by The Associated Press.
I used to work for Boeing, through a subcontractor. I think this is going to be quite a surprise for their "left leaning" employees living in Seattle. I admit, I'm pointing and laughing, getting ready to say, "I told you so!" Only problem is, the new laws effect everyone, not just the liberal dummies who thought only good could come from the democrats.
"The newly enacted health care reform legislation, while intended to expand access to care for millions of uninsured Americans, is also adding cost pressure as requirements of the new law are phased in over the next several years," wrote Rick Stephens, Boeing's senior vice president for human resources.
Click title of post for full story.
Boeing said annual deductibles and copayments will increase for all its plans next year.

Deductibles, the share of medical costs that employees pay annually before their plan kicks in, will go up to $300 for individuals, an increase of $100. For families, the new deductible will be $900, an increase of $300.
It's not that the issue of health care didn't need to be addressed. The costs are unbearable for many Americans but, it seems so odd to me that we didn't allow for more competition to drive down costs. Instead, the government wanted to weave in a plan that will lead to total take over of our health care, selling it as competition.

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