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Senior Advisor

Another racist news paper

 

snip-

Local business owners might be hoping the Affordable Care Act’s insurance mandates cover sticker shock.

The law’s employer coverage mandate doesn’t take effect until 2015, but early plan renewals are starting to roll in. And for some businesses, the premium jumps are positively painful.

Local insurance brokers are reporting spikes ranging from 35 percent to 120 percent on policies that renew from July to December. The increases are especially acute among employers with workforces made up of younger, healthier men. That’s because Obamacare prohibits offering lower rates to healthier groups. It also narrows the allowed premium gap between older and younger enrollees.

“It’s like if there were no more safe-driver discounts with State Farm,” said local insurance broker Frank Nolimal of Assurance Ltd. “Everybody has the same rate, whether you have three DUIs, or you’re a (nondrinking) churchgoing Mormon.”

The changes put as many as 90,000 policies across Nevada at risk of cancellation or nonrenewal this fall, said Las Vegas insurance broker William Wright, president of Chamber Insurance and Benefits. That’s more than three times the 25,000 enrollees affected in October, when Obamacare-compliant plans first hit the market.

Some workers are at higher risk than others of losing company-sponsored coverage. Professional, white-collar companies such as law or engineering firms will bite the bullet and renew at higher prices because they need to compete for scarce skilled labor, Nolimal said.

But moderately skilled or low-skilled people making $8 to $14 an hour working for landscaping businesses, fire-prevention firms or fencing companies could lose work-based coverage because the plans cost so much relative to salaries.

Employees who keep their coverage might see leaner take-home pay, which could hurt the economy.

Nolimal said one business client whose monthly premiums will rise from $160 to $340 in June plans to shift most of the increase onto his employees.

 

http://www.reviewjournal.com/politics/own-small-business-brace-obamacare-pain

7 Replies
Highlighted
Advisor

Re: Another racist news paper

It can't be true. Krugo said any negative comment about obamacare is a lie.

Highlighted
Veteran Advisor

Re: Another racist news paper

and where would the USA be without the commentary of the esteemed Dr. Krugman, nobel laurete?

 

You think about it, with the peace award to Barry, the Nobel selection committee should be in charge of the entire USA. Those guys really nail it.

 

Kudos to Mr. Bruce for bringing the views of Dr. Krugman to this forum. Pray tell that Bruce would ever learn to think for himself and not be a talking parrot of what he reads.

Highlighted
Advisor

Re: Another racist news paper

bruce is hardly alone. there a pretty big progressive following on the political forums on Reddit. few people are as revered as Krugman.  to criticize  him there is like criticizing Mohammad in Saudi Arabia.   needless to say my rating there approaches  negative infinity.

Highlighted
Advisor

Re: Another racist news paper

If you were As tuned in on this topic which you and our resident Casanova seem to be you'd be very aware that his most strident critics come from the left. He's a fl blown bankster friendly neoliberal centrist who takes the same Keynesian Jews on the economy and fiscal matters as all of the Reagan and Bush 1 and 2 economic advisors did. Just happens to be, as so many of his various persuasions and origins are, a social and cultural liberal. Hardly very progressive at all as compared to what your kitchen table libertarianism and Red's "us good folks" "conservatism" seem to deplore and want to paint.
Highlighted
Advisor

Re: Another racist news paper

 
Highlighted
Advisor

Re: Another racist news paper

WHOA! ThAt would be "strident VIEWS". God I hate this phone.
Highlighted
Senior Advisor

Re: As opposed to you

that doesn't listen or read anyone else!