What happens when companies start dropping health coverage???
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believer
Oh I'm sure school boards look at it all the time, but the most powerful union in this country will pressure the most socialist Federal government in American history to prevent local school boards from following through.ccrunner609 wrote:Believe me, every local school district in this country has already looked into what they can do with dropping insurance coverage for their employees and how much money this is going to free up.
You have nothing to worry about. -
JU-ICEhttp://www.foxnews.com/story/0,2933,589684,00.html
THEN-PRESIDENTIAL CANDIDATE BARACK OBAMA: It is my belief that not just politically but also economically, it's better for us to start getting a system in place — a universal health care system — signed into law by the end of my first term as president and build off that system to further — to make it more rational — by the way, Canada did not start off immediately with a single-payer system. They had a similar transition step.
Transitioning a system is a very difficult and costly and lengthy enterprise. It's not like you could turn on a switch and you go from one system to another. -
Writerbuckeye
Apparently, the White House thinks those corporations taking a charge against the future costs of this bill are simply out to get them, and aren't actually looking at doing their fiduciary duty to their shareholders.
Idiots.
From The American Spectator
Prowler
Obama in Rude Denial
By The Prowler on 3.29.10 @ 6:09AM
IT'S ALL A GOP PLOT
The White House political and legislative operations were said to be livid with the announcement by several large U.S. companies that they were taking multi-million or as much as a billion dollar charges because of the new health-care law, the issue was front-and-center with key lawmakers. By last Friday, AT&T, Caterpillar, Deere & Co., and AK Steel Holding Corp. had all announced that they were taking the one-time charges on their first-quarter balance sheets. More companies were expected to make similar announcements this week.
"These are Republican CEOs who are trying to embarrass the President and Democrats in general," says a White House legislative affairs staffer. "Where do you hear about this stuff? The Wall Street Journal editorial page and conservative websites. No one else picked up on this but you guys. It's BS."
On Friday White House chief of staff Rahm Emanuel and Obama senior advisor Valerie Jarrett were calling the CEOs and Washington office heads of the companies that took the financial hits and attacked them for doing so. One Washington office head said that the White House calls were accusatory and "downright rude."
The companies are taking the charges because in 2013 they will lose a tax deduction on tax-free government subsidies they have had when they give retirees a Medicare Part D prescription-drug reimbursement. Many of these companies have more than 100,000 retirees each. AT&T may have more than three-quarters of a million retirees to cover.
"Most of these people [in the Administration] have never had a real job in their lives. They don't understand a thing about business, and that includes the President," says a senior lobbyist for one of the companies that announced the charge. "My CEO sat with the President over lunch with two other CEOs, and each of them tried to explain to the President what this bill would do to our companies and the economy in general. First the President didn't understand what they were talking about. Then he basically told my boss he was lying. Frankly my boss was embarrassed for him; he clearly had not been briefed and didn't know what was in the bill."
It isn't just the President who didn't understand his own proposal. Late Friday, House Energy and Commerce Committee Chairman Henry Waxman and Rep. Bart Stupak, chairman of the Oversight and Investigations panel, announced that they would hold hearings in late April to investigate "claims by Caterpillar, Verizon, and Deere that provisions in the new health care reform law could adversely affect their company's ability to provide health insurance to their employees."
Neither Waxman or Stupak -- who betrayed the pro-life community by negotiating for more than a week with the White House to ensure his vote on the health care bill -- had anything more than a cursory understanding of how the many sections of the bill would impact business or even individual citizens before they voted on the bill, says House Energy Democrat staff. "We had memos on these issues, but none of our people, we think, looked at them," says a staffer. "When they saw the stories last week about the charges some of the companies were taking, they were genuinely surprised and assumed that the companies were just doing this to embarrass them. They really believed this bill would immediately lower costs. They just didn't understand what they were voting on."
http://spectator.org/archives/2010/03/29/obama-in-rude-denial -
fish82
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derek bomar
lol @ this source...nice unnamed quotes..."one senior lobbyist...one office head...one staffer..." lol this is high school gossip bsWriterbuckeye wrote: Apparently, the White House thinks those corporations taking a charge against the future costs of this bill are simply out to get them, and aren't actually looking at doing their fiduciary duty to their shareholders.
Idiots.
From The American Spectator
Prowler
Obama in Rude Denial
By The Prowler on 3.29.10 @ 6:09AM
IT'S ALL A GOP PLOT
The White House political and legislative operations were said to be livid with the announcement by several large U.S. companies that they were taking multi-million or as much as a billion dollar charges because of the new health-care law, the issue was front-and-center with key lawmakers. By last Friday, AT&T, Caterpillar, Deere & Co., and AK Steel Holding Corp. had all announced that they were taking the one-time charges on their first-quarter balance sheets. More companies were expected to make similar announcements this week.
"These are Republican CEOs who are trying to embarrass the President and Democrats in general," says a White House legislative affairs staffer. "Where do you hear about this stuff? The Wall Street Journal editorial page and conservative websites. No one else picked up on this but you guys. It's BS."
On Friday White House chief of staff Rahm Emanuel and Obama senior advisor Valerie Jarrett were calling the CEOs and Washington office heads of the companies that took the financial hits and attacked them for doing so. One Washington office head said that the White House calls were accusatory and "downright rude."
The companies are taking the charges because in 2013 they will lose a tax deduction on tax-free government subsidies they have had when they give retirees a Medicare Part D prescription-drug reimbursement. Many of these companies have more than 100,000 retirees each. AT&T may have more than three-quarters of a million retirees to cover.
"Most of these people [in the Administration] have never had a real job in their lives. They don't understand a thing about business, and that includes the President," says a senior lobbyist for one of the companies that announced the charge. "My CEO sat with the President over lunch with two other CEOs, and each of them tried to explain to the President what this bill would do to our companies and the economy in general. First the President didn't understand what they were talking about. Then he basically told my boss he was lying. Frankly my boss was embarrassed for him; he clearly had not been briefed and didn't know what was in the bill."
It isn't just the President who didn't understand his own proposal. Late Friday, House Energy and Commerce Committee Chairman Henry Waxman and Rep. Bart Stupak, chairman of the Oversight and Investigations panel, announced that they would hold hearings in late April to investigate "claims by Caterpillar, Verizon, and Deere that provisions in the new health care reform law could adversely affect their company's ability to provide health insurance to their employees."
Neither Waxman or Stupak -- who betrayed the pro-life community by negotiating for more than a week with the White House to ensure his vote on the health care bill -- had anything more than a cursory understanding of how the many sections of the bill would impact business or even individual citizens before they voted on the bill, says House Energy Democrat staff. "We had memos on these issues, but none of our people, we think, looked at them," says a staffer. "When they saw the stories last week about the charges some of the companies were taking, they were genuinely surprised and assumed that the companies were just doing this to embarrass them. They really believed this bill would immediately lower costs. They just didn't understand what they were voting on."
http://spectator.org/archives/2010/03/29/obama-in-rude-denial -
cbus4lifeNot to mention the whole "Most of these people [in the Administration] have never had a real job in their lives" BS has been disproved time and time again.
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gibby08
Rule #4- LJ -
fish82
Yeah...that's not common practice or anything. Read the NYT or WashPo lately?derek bomar wrote:
lol @ this source...nice unnamed quotes..."one senior lobbyist...one office head...one staffer..." lol this is high school gossip bsWriterbuckeye wrote: Apparently, the White House thinks those corporations taking a charge against the future costs of this bill are simply out to get them, and aren't actually looking at doing their fiduciary duty to their shareholders.
Idiots.
From The American Spectator
Prowler
Obama in Rude Denial
By The Prowler on 3.29.10 @ 6:09AM
IT'S ALL A GOP PLOT
The White House political and legislative operations were said to be livid with the announcement by several large U.S. companies that they were taking multi-million or as much as a billion dollar charges because of the new health-care law, the issue was front-and-center with key lawmakers. By last Friday, AT&T, Caterpillar, Deere & Co., and AK Steel Holding Corp. had all announced that they were taking the one-time charges on their first-quarter balance sheets. More companies were expected to make similar announcements this week.
"These are Republican CEOs who are trying to embarrass the President and Democrats in general," says a White House legislative affairs staffer. "Where do you hear about this stuff? The Wall Street Journal editorial page and conservative websites. No one else picked up on this but you guys. It's BS."
On Friday White House chief of staff Rahm Emanuel and Obama senior advisor Valerie Jarrett were calling the CEOs and Washington office heads of the companies that took the financial hits and attacked them for doing so. One Washington office head said that the White House calls were accusatory and "downright rude."
The companies are taking the charges because in 2013 they will lose a tax deduction on tax-free government subsidies they have had when they give retirees a Medicare Part D prescription-drug reimbursement. Many of these companies have more than 100,000 retirees each. AT&T may have more than three-quarters of a million retirees to cover.
"Most of these people [in the Administration] have never had a real job in their lives. They don't understand a thing about business, and that includes the President," says a senior lobbyist for one of the companies that announced the charge. "My CEO sat with the President over lunch with two other CEOs, and each of them tried to explain to the President what this bill would do to our companies and the economy in general. First the President didn't understand what they were talking about. Then he basically told my boss he was lying. Frankly my boss was embarrassed for him; he clearly had not been briefed and didn't know what was in the bill."
It isn't just the President who didn't understand his own proposal. Late Friday, House Energy and Commerce Committee Chairman Henry Waxman and Rep. Bart Stupak, chairman of the Oversight and Investigations panel, announced that they would hold hearings in late April to investigate "claims by Caterpillar, Verizon, and Deere that provisions in the new health care reform law could adversely affect their company's ability to provide health insurance to their employees."
Neither Waxman or Stupak -- who betrayed the pro-life community by negotiating for more than a week with the White House to ensure his vote on the health care bill -- had anything more than a cursory understanding of how the many sections of the bill would impact business or even individual citizens before they voted on the bill, says House Energy Democrat staff. "We had memos on these issues, but none of our people, we think, looked at them," says a staffer. "When they saw the stories last week about the charges some of the companies were taking, they were genuinely surprised and assumed that the companies were just doing this to embarrass them. They really believed this bill would immediately lower costs. They just didn't understand what they were voting on."
http://spectator.org/archives/2010/03/29/obama-in-rude-denial -
Writerbuckeye
Okay, hotshot, here's some better sources on the same issue.derek bomar wrote:
lol @ this source...nice unnamed quotes..."one senior lobbyist...one office head...one staffer..." lol this is high school gossip bsWriterbuckeye wrote: Apparently, the White House thinks those corporations taking a charge against the future costs of this bill are simply out to get them, and aren't actually looking at doing their fiduciary duty to their shareholders.
Idiots.
From The American Spectator
Prowler
Obama in Rude Denial
By The Prowler on 3.29.10 @ 6:09AM
IT'S ALL A GOP PLOT
The White House political and legislative operations were said to be livid with the announcement by several large U.S. companies that they were taking multi-million or as much as a billion dollar charges because of the new health-care law, the issue was front-and-center with key lawmakers. By last Friday, AT&T, Caterpillar, Deere & Co., and AK Steel Holding Corp. had all announced that they were taking the one-time charges on their first-quarter balance sheets. More companies were expected to make similar announcements this week.
"These are Republican CEOs who are trying to embarrass the President and Democrats in general," says a White House legislative affairs staffer. "Where do you hear about this stuff? The Wall Street Journal editorial page and conservative websites. No one else picked up on this but you guys. It's BS."
On Friday White House chief of staff Rahm Emanuel and Obama senior advisor Valerie Jarrett were calling the CEOs and Washington office heads of the companies that took the financial hits and attacked them for doing so. One Washington office head said that the White House calls were accusatory and "downright rude."
The companies are taking the charges because in 2013 they will lose a tax deduction on tax-free government subsidies they have had when they give retirees a Medicare Part D prescription-drug reimbursement. Many of these companies have more than 100,000 retirees each. AT&T may have more than three-quarters of a million retirees to cover.
"Most of these people [in the Administration] have never had a real job in their lives. They don't understand a thing about business, and that includes the President," says a senior lobbyist for one of the companies that announced the charge. "My CEO sat with the President over lunch with two other CEOs, and each of them tried to explain to the President what this bill would do to our companies and the economy in general. First the President didn't understand what they were talking about. Then he basically told my boss he was lying. Frankly my boss was embarrassed for him; he clearly had not been briefed and didn't know what was in the bill."
It isn't just the President who didn't understand his own proposal. Late Friday, House Energy and Commerce Committee Chairman Henry Waxman and Rep. Bart Stupak, chairman of the Oversight and Investigations panel, announced that they would hold hearings in late April to investigate "claims by Caterpillar, Verizon, and Deere that provisions in the new health care reform law could adversely affect their company's ability to provide health insurance to their employees."
Neither Waxman or Stupak -- who betrayed the pro-life community by negotiating for more than a week with the White House to ensure his vote on the health care bill -- had anything more than a cursory understanding of how the many sections of the bill would impact business or even individual citizens before they voted on the bill, says House Energy Democrat staff. "We had memos on these issues, but none of our people, we think, looked at them," says a staffer. "When they saw the stories last week about the charges some of the companies were taking, they were genuinely surprised and assumed that the companies were just doing this to embarrass them. They really believed this bill would immediately lower costs. They just didn't understand what they were voting on."
http://spectator.org/archives/2010/03/29/obama-in-rude-denial
http://www.businessinsider.com/henry-blodget-white-house-blasts-companies-for-saying-that-obamacare-will-jack-up-their-costs-2010-3
This group has NO CLUE how businesses operate -- including partisan hacks in Congress. -
derek bomar
http://www.huffingtonpost.com/2010/03/27/att-plans-1-billion-charg_n_515747.html
AT&T said Friday that the charge reflects changes to how Medicare subsidies are taxed. Companies say the health care overhaul will require them to start paying taxes next year on a subsidy they receive for retiree drug coverage.
makes sense to me...why shouldn't they pay taxes on a benefit? -
majorspark
Journalists protect the identity of their sources all the time.derek bomar wrote: lol @ this source...nice unnamed quotes..."one senior lobbyist...one office head...one staffer..." lol this is high school gossip bs -
Writerbuckeye
You do realize that when the government decides to take a piece of the pie like this, it's the CONSUMER who ends up paying the bill, right?derek bomar wrote: http://www.huffingtonpost.com/2010/03/27/att-plans-1-billion-charg_n_515747.html
AT&T said Friday that the charge reflects changes to how Medicare subsidies are taxed. Companies say the health care overhaul will require them to start paying taxes next year on a subsidy they receive for retiree drug coverage.
makes sense to me...why shouldn't they pay taxes on a benefit?
This ends up being nothing more than another tax on the people Obama said he'd never raise taxes on.
Yet another lie exposed -- again. -
PaladinHmmmmmmmm ?? Companies did away with retirement programs. Companies then exported millions of jobs offshore. Employees forced to work overtime and work other jobs into their's. Now companies that remain want to eliminate health coverage for employees ??
And no one sees where this is going ?? -
derek bomar
you do realize they're taking a piece of their own pie, right?Writerbuckeye wrote:
You do realize that when the government decides to take a piece of the pie like this, it's the CONSUMER who ends up paying the bill, right?derek bomar wrote: http://www.huffingtonpost.com/2010/03/27/att-plans-1-billion-charg_n_515747.html
AT&T said Friday that the charge reflects changes to how Medicare subsidies are taxed. Companies say the health care overhaul will require them to start paying taxes next year on a subsidy they receive for retiree drug coverage.
makes sense to me...why shouldn't they pay taxes on a benefit?
This ends up being nothing more than another tax on the people Obama said he'd never raise taxes on.
Yet another lie exposed -- again. -
fish82
Enlighten us. I'm on the edge of my seat.Paladin wrote: Hmmmmmmmm ?? Companies did away with retirement programs. Companies then exported millions of jobs offshore. Employees forced to work overtime and work other jobs into their's. Now companies that remain want to eliminate health coverage for employees ??
And no one sees where this is going ?? -
Cleveland Buck
LOLfish82 wrote:
Enlighten us. I'm on the edge of my seat.Paladin wrote: Hmmmmmmmm ?? Companies did away with retirement programs. Companies then exported millions of jobs offshore. Employees forced to work overtime and work other jobs into their's. Now companies that remain want to eliminate health coverage for employees ??
And no one sees where this is going ?? -
believer
ObamaKare will take care of that for you.fish82 wrote:Enlighten us. I'm on the edge of my seat.