By Carole on Oct 18, 2010
Aircraft manufacturer Boeing Comany is the latest mega employer claiming the Patient Protection and Affordable Care Act (also known as Obamacare) is part of why its employees will have to pay more for their medical benefits next year. In a letter mailed to employees late last week, Boeing said deductibles and copayments are going up significantly for some 90,000 non-union workers due in part to the effects of the new law. (source)
President Obama and his fellow Democrats who pushed the unpopular legislation through Congress have stated repeatedly that the law would bring down individuals' costs for health insurance. Meanwhile the debate over the obscenely expensive bill raged on with Republican lawmakers and the majority of the American people speaking out against the far-reaching government power grab disguised as reform. Announcements like Boeing's are proving the opposition right.
Boeing joins other companies like 3M which earlier this month announced it will stop offering its health insurance plan to their 23,000 retirees in response to Obamacare's passage. (source)
While Boeing cited two additional reasons for the cost shift including untamed health care inflation and lifestyle issues such as being overweight, company spokeswoman Karen Forte said the company is concerned that its relatively generous plan will get hit with a new tax under the law in 2018.
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