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October 19, 2010

Nonunion Workers at Boeing Get Shafted by ObamaCare

Posted by Dave Blount at October 19, 2010 3:22 PM

Like everything else Comrade Obama has been responsible for, ObamaCare is about two things: greasing the wheels for his friends and putting the screws to everyone else. First among the Manchurian Moonbat's friends are the corrupt unions that have destroyed education and the auto industry and are now setting their sights on the rest of the economy. To survive in the Soviet Union, it helped to by a party member. To survive Hopey Change, join a union:

Aerospace giant Boeing is joining the list of companies that say the new health care law could have a potential downside for their workers.
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.

Yet again, it's nonunion workers who take it in the neck.

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.
In addition, Boeing is instituting a copayment of 10 percent after the deductible has been met. The copayment will rise to 20 percent in 2012.

The main idea is to avoid massive punitive taxes on quality health insurance plans.

The tax on so-called "Cadillac" health plans doesn't take effect until 2018, but employers are already beginning to assess their exposure because it is hefty: at 40 percent of the value above $10,200 for individual coverage and $27,500 for a family plan.

Even after cutting the value of their health plans, it's not clear that Boeing will avoid the crippling "Cadillac" tax.

In any case, it is unlikely that Boeing or anyone else other than the government will be offering health insurance 10 years from now, unless ObamaCare is repealed.

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On a tip from Heather H and J.