LOL - mandating employers to offer it means essentially nothing. Just another mandated central planning failure. I'm sure glad I visit these extreme right wing anarchist web sites to confirm my bias......
http://www.nytimes.com/2015/10/20/b...to-health-insurance.html?ref=todayspaper&_r=0
But for those trying to get by on near-minimum wages, a plan that qualifies as “affordable” can still seem far out of reach.
http://www.nytimes.com/2015/10/20/b...e.html?ref=todayspaper&_r=0#story-continues-5
That is the case for many of Mr. Sewell’s workers. He employs 1,800 people at the 26 Golden Corral franchises he owns in six Southern and Midwestern states, and previously offered insurance only to his salaried management staff. In January, when the employer mandate took effect, he made the same insurance plan, with a bigger employer contribution, available to all employees working an average of 30 or more hours a week.
Running the math on his plan — a typical one for the restaurant industry — illustrates why a number of low-wage workers are falling through gaps in the Affordable Care Act.
The annual premium for individual coverage through the Golden Corral Blue Cross Blue Shield plan is $4,800. Mr. Sewell pays 65 percent for service workers, leaving them with a monthly cost of $140.
The health care law defines affordable employer-sponsored insurance as that priced at 9.5 percent or less of an employee’s annual household income for individual coverage. (Because employers do not know how much money their workers’ relatives make, there are several “safe harbors” they can use for compliance, including basing their calculation on only their own employees’ wages.) Mr. Sewell’s insurance meets the test, but $65 per biweekly paycheck is more than most of his workers are willing — or able — to pay for insurance that still carries steep out-of-pocket costs, including a $2,500 deductible.
http://www.nytimes.com/2015/10/20/b...to-health-insurance.html?ref=todayspaper&_r=0
http://www.nytimes.com/2015/10/20/b...to-health-insurance.html?ref=todayspaper&_r=0
But for those trying to get by on near-minimum wages, a plan that qualifies as “affordable” can still seem far out of reach.
http://www.nytimes.com/2015/10/20/b...e.html?ref=todayspaper&_r=0#story-continues-5
That is the case for many of Mr. Sewell’s workers. He employs 1,800 people at the 26 Golden Corral franchises he owns in six Southern and Midwestern states, and previously offered insurance only to his salaried management staff. In January, when the employer mandate took effect, he made the same insurance plan, with a bigger employer contribution, available to all employees working an average of 30 or more hours a week.
Running the math on his plan — a typical one for the restaurant industry — illustrates why a number of low-wage workers are falling through gaps in the Affordable Care Act.
The annual premium for individual coverage through the Golden Corral Blue Cross Blue Shield plan is $4,800. Mr. Sewell pays 65 percent for service workers, leaving them with a monthly cost of $140.
The health care law defines affordable employer-sponsored insurance as that priced at 9.5 percent or less of an employee’s annual household income for individual coverage. (Because employers do not know how much money their workers’ relatives make, there are several “safe harbors” they can use for compliance, including basing their calculation on only their own employees’ wages.) Mr. Sewell’s insurance meets the test, but $65 per biweekly paycheck is more than most of his workers are willing — or able — to pay for insurance that still carries steep out-of-pocket costs, including a $2,500 deductible.
http://www.nytimes.com/2015/10/20/b...to-health-insurance.html?ref=todayspaper&_r=0
