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cbdo2007

(9,213 posts)
Sun Sep 22, 2013, 12:37 PM Sep 2013

Part-Timers Losing Health Insurance May Want To Thank Their Companies

Part-Timers Losing Health Insurance May Want To Thank Their Companies

By Rick Newman | The Exchange – Fri, Sep 20, 2013 5:03 PM EDT

How terrible. Home Depot (HD) and Trader Joe’s have decided to stop offering health insurance for part-time employees, moving them over to Obamacare instead. More companies seem sure to follow. And more wailing about greedy, heartless corporations is sure to follow that. Some workers may start to drop dead from sheer anxiety before Obamacare even goes into effect on January 1.

Once the new health law has been in place for a few months, however, Part-Time America may issue a collective sigh of relief. Nobody ever held up today’s part-time "mini-med" plans as model coverage. The majority of part-time workers don’t even get health insurance, and those who do typically get diluted plans with limited benefits they still have to pay something for. “You have to question whether that’s really insurance,” says Paul Fronstin, director of the health research program at the Employee Benefits Research institute. “They may not cover prescription drugs, and if you get cancer or end up in the hospital, they probably won’t help you a whole lot.”

Insurance offered under the Affordable Care Act, by contrast, could end up being a much better deal. Obamacare is complicated, and it will require many people to do detailed research on their insurance options instead of having an employer do it for them. There have also been elaborate efforts by foes of the program to depict it as The Ruination of Everything. So it’s not surprising that part-timers being told their employer is cutting them loose and sending them over to Obamacare are a little jumpy.

Actually enrolling could calm them down, however. Obamacare was designed to make decent health insurance affordable for people who otherwise can’t afford it, and whether you love or hate the program, it seems likely to succeed at that basic mission. That’s because the program subsidizes the cost of insurance based on your income, with the largest subsidies going to those with the lowest incomes.

http://finance.yahoo.com/blogs/the-exchange/part-timers-losing-healthcare-insurance-may-want-thank-210354500.html

18 replies = new reply since forum marked as read
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Part-Timers Losing Health Insurance May Want To Thank Their Companies (Original Post) cbdo2007 Sep 2013 OP
I got cut from 40 to 31 hours this week. bluedigger Sep 2013 #1
I think it would have to be under 29 hours to be ACA related cbdo2007 Sep 2013 #2
I don't know. bluedigger Sep 2013 #3
Under 30, not 29. enlightenment Sep 2013 #9
A young man at the local Co-op tells a similar story CountAllVotes Sep 2013 #4
Why will he no longer be able to get care when the Affordable Care Act kicks in? SharonAnn Sep 2013 #6
Did not ask CountAllVotes Sep 2013 #8
Maybe his anger should be directed toward his Jane Austin Sep 2013 #12
Of course they can afford it CountAllVotes Sep 2013 #13
Well I hope the ACA has a decent setup and is ready to go... dkf Sep 2013 #5
Yep. enlightenment Sep 2013 #10
Is there a finite budget for the ACA or is it funded whatever the cost? dkf Sep 2013 #11
I think there was a budget baseline established - enlightenment Sep 2013 #14
I never liked it in the first place because it had no public option. dkf Sep 2013 #15
I have been a supporter of single-payer enlightenment Sep 2013 #17
Thinking the same thing Sienna86 Sep 2013 #7
My employers just cut the insurance on 8k positions. Decoy of Fenris Sep 2013 #16
Actually, the American worker can thank the corporations tsuki Sep 2013 #18

bluedigger

(17,086 posts)
1. I got cut from 40 to 31 hours this week.
Sun Sep 22, 2013, 12:40 PM
Sep 2013

My employer didn't have enough respect for me to provide any explanation so I don't know if it was ACA related or just seasonal.

cbdo2007

(9,213 posts)
2. I think it would have to be under 29 hours to be ACA related
Sun Sep 22, 2013, 12:43 PM
Sep 2013

that is the cutoff where you don't have to provide benefits.

bluedigger

(17,086 posts)
3. I don't know.
Sun Sep 22, 2013, 12:48 PM
Sep 2013

Seems odd that it would be different than part time status, but I'm willing to take your word for it. Still pisses me off to lose almost a quarter of my meager income with no explanation.

CountAllVotes

(20,868 posts)
4. A young man at the local Co-op tells a similar story
Sun Sep 22, 2013, 12:49 PM
Sep 2013

He has worked there 40 hrs. a week for a long time. Now he is being cut to a less than 30 hr. work week and he will no longer be able to get the insurance once Obamacare kicks in and yes, that Co-op is unionized (you'd never know it would you?)!

He's just a tad bit p/o'd to say the very least (not that I blame him).

He voted for Obama X2 and feels like he's been "hoodwinked" as he put it.

Not good, not good at all, esp. if you happen to have a pre-existing condition as this young man does!

Something is very wrong with this picture!

SharonAnn

(13,772 posts)
6. Why will he no longer be able to get care when the Affordable Care Act kicks in?
Sun Sep 22, 2013, 01:21 PM
Sep 2013

Can;t he get it through the exchanges?

CountAllVotes

(20,868 posts)
8. Did not ask
Sun Sep 22, 2013, 01:30 PM
Sep 2013

He was really irritated and to make matters worse for him, he didn't know how he'd be able to make a go of it on a paycheck cutting his hours back so much. I don't think he earns much at that place which I don't particularly care for myself (they tend to sell old food hoping that you won't notice).



Jane Austin

(9,199 posts)
12. Maybe his anger should be directed toward his
Sun Sep 22, 2013, 01:38 PM
Sep 2013

stingy employer rather than at Obama.

I'll bet you anything his employer could afford to pay his insurance if they wanted to.

CountAllVotes

(20,868 posts)
13. Of course they can afford it
Sun Sep 22, 2013, 01:51 PM
Sep 2013

As I stated in a previous post, I don't particularly care for this Co-op.

They are cutting everything and raising prices on everything (apples at close to $5.00 a lb.!).

They have another store in an adjacent town and the last time I was in that place I was accused of shop lifting!

After that happened, my husband was really p.o.'d about it and said to the manager of this other (same) store that we won't be shopping here any more.

That said, I try not to shop at this place but I'm quite limited as to what I can and cannot do.

Still the same, you've nailed it, this Co-op sucks!

As for the young man (that I've become rather friendly to-wards), I feel sorry for him and have advised him to seek employment elsewhere. I'm sure the local Safeway would hire him and there are other stores too like COSTCO.

Sick greedy SOB's are who own this store and as for the shoplifting thing, they actually printed a newspaper recently and told about all of the shoplifting that is going on and how some of the biggest "criminals" are people that are over the age of 55 (as I am and as my husband is ... and as for my husband, he's about blind ... how the hell could he steal something?).

To add insult to injury, they've cut their senior citizen discount day from 10% off once a week to 5% off once a week and oh yeah, now they demand a photo ID when you are checking out if you ask to use your piddly assed 5% "discount". Big damn deal that is with apples at $5.00 a lb.!!!

And furthermore, they've also changed their policy. It used to be if you were age 60 or over you would qualify for the "old age discount" as my husband calls it (he hates having to use it!). Now they've upped that to age 65!

They piss me off and no, I don't shop there much any more!!

END OF RANT!!!

 

dkf

(37,305 posts)
5. Well I hope the ACA has a decent setup and is ready to go...
Sun Sep 22, 2013, 01:12 PM
Sep 2013

Sounds like they will have more participants than expected. If the system goes beyond what it can handle I expect we will see multitudes of very pissed off people.

enlightenment

(8,830 posts)
10. Yep.
Sun Sep 22, 2013, 01:34 PM
Sep 2013

On all counts. The ACA is pretty finely balanced and definitely requires X number of people to be insured through their employers - it will be interesting to see how the extra numbers showing up for subsidized exchange insurance plays out. The money for those subsidies has to come from somewhere.

 

dkf

(37,305 posts)
11. Is there a finite budget for the ACA or is it funded whatever the cost?
Sun Sep 22, 2013, 01:37 PM
Sep 2013

Should be interesting to see how it plays out in the deficit. Maybe the projections are all off.

I wonder if there are enough doctors under the covered providers lists.

This could land up being a case of coverage but no access.

enlightenment

(8,830 posts)
14. I think there was a budget baseline established -
Sun Sep 22, 2013, 02:18 PM
Sep 2013

this article from 2012 lays out the proposed revenues from various taxes, fees, etc. Presumably that money is supposed to cover the anticipated number of people in the exchanges - not sure how that will work out if a significantly higher proportion of people hit next year.
http://www.pntax.com/funding-mechanisms-in-place-for-the-affordable-care-act

From what I've been seeing about plans cutting back on "in-network" physicians, as well as no guarantee (despite Paul Krugman - whose opinion I respect but didn't care for his latest blog posting on this) that a sufficient number of physicians will accept new Medicaid patients . . .

Then there's that report from July of this year that there is no requirement to verify (because they don't have the mechanisms in place) eligibility for the subsidies - apparently the exchanges will be on an honor system for at least the first year. That's not such a good idea, really.
http://www.washingtonpost.com/national/health-science/health-insurance-marketplaces-will-not-be-required-to-verify-consumer-claims/2013/07/05/d2a171f4-e5ab-11e2-aef3-339619eab080_story.html

I'm not terribly hopeful about this, and never have been convinced that it is a workable plan in reality despite how clever it looks on paper. And I anticipate that the "why don't you care about the children?!" folks will be around to correct me on the error of my ways shortly.

 

dkf

(37,305 posts)
15. I never liked it in the first place because it had no public option.
Sun Sep 22, 2013, 02:27 PM
Sep 2013

But since it is the law I would prefer it to be implemented without a whole lot of messes.

Seeing government in action is not building confidence.

enlightenment

(8,830 posts)
17. I have been a supporter of single-payer
Sun Sep 22, 2013, 02:49 PM
Sep 2013

"NHS" style healthcare coverage for, well, ever - so this plan doesn't thrill me at all. I don't buy the "this will lead to single-payer" argument because the only route from the ACA to single-payer is via Antares - the concepts are antithetical.

What concerns me about this plan is that it has become a political football, with both sides trying to score points. That's definitely not confidence inspiring.

Sienna86

(2,149 posts)
7. Thinking the same thing
Sun Sep 22, 2013, 01:28 PM
Sep 2013

Employees may be able to get better insurance at a better price under ACA.

Let's hope so. Will contact my Representative and send my thoughts.

 

Decoy of Fenris

(1,954 posts)
16. My employers just cut the insurance on 8k positions.
Sun Sep 22, 2013, 02:34 PM
Sep 2013

Aetna treated myself and my family quite well, but now we're a little on edge thanks to the ACA thing. We're holding our breaths and hoping the ACA will work out for us, but until then, we just don't know.

tsuki

(11,994 posts)
18. Actually, the American worker can thank the corporations
Sun Sep 22, 2013, 02:52 PM
Sep 2013

and insurance companies for successfully fighting the gradual implementation of Medicare for All.

Private Enterprise can do it so much better. Private Enterprise can do it so much cheaper. Rah, rah, rah, USA! USA! USA!

Thank you Papa John,
Thank you Walmart,
Thank you Land's End,
Thank you Regal Entertainment,
And a great big wet kiss to Wall Street and their GOP poodles.

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