Now For the Reality of Healthcare Reform

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by kwc57, Mar 26, 2010.

  1. kwc57
    Offline

    kwc57 BOHICA Obama

    Joined:
    Jul 13, 2009
    Messages:
    12,163
    Thanks Received:
    2,304
    Trophy Points:
    255
    Location:
    Oklahoma City, OK
    Ratings:
    +2,797
    Lower profits will translate into even less jobs with an already record unemployment rate.

    AT&T to Book $1 Billion Cost on Health-Care Reform (Update2) - Bloomberg.com

    AT&T to Book $1 Billion Cost on Health-Care Reform

    By Ian King and Amy Thomson

    March 26 (Bloomberg) -- AT&T Inc. will book $1 billion in first-quarter costs, the most of any U.S. company, related to the health-care law signed this week by President Barack Obama.

    A change in the tax treatment of Medicare subsidies triggered the non-cash expense, Dallas-based AT&T said today in a regulatory filing.

    AT&T, the biggest U.S. phone company, joins Caterpillar Inc., AK Steel Holding Corp. and 3M Co. in recording non-cash expenses against earnings as a result of the law. Health-care costs may shave as much as $14 billion from U.S. corporate profits, according to an estimate by benefits consulting firm Towers Watson. AT&T employed about 281,000 people as of the end of January.

    “Companies like AT&T, that have large employee bases, are going to have higher health-care costs and, therefore, lower earnings unless they can negotiate something or offer less to their employees,” ............
     
  2. hboats
    Offline

    hboats Silver Member

    Joined:
    Feb 10, 2010
    Messages:
    1,297
    Thanks Received:
    199
    Trophy Points:
    98
    Location:
    Minnesota
    Ratings:
    +199
    The Democrats got the results they were looking for. These big businesses NEED to have their profits reduced, and if it takes passing a health care law to do it, then so be it. Less money for big business means more money for the government.

    What they don't realize is it also means less money for the economy. Thanks Democrats.

    Rick
     
  3. WillowTree
    Online

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,174
    Thanks Received:
    10,170
    Trophy Points:
    2,030
    Ratings:
    +14,746
    That's why we calls em DUmmies!
     
  4. kwc57
    Offline

    kwc57 BOHICA Obama

    Joined:
    Jul 13, 2009
    Messages:
    12,163
    Thanks Received:
    2,304
    Trophy Points:
    255
    Location:
    Oklahoma City, OK
    Ratings:
    +2,797
    It will drive even more jobs offshore.
     
    • Thank You! Thank You! x 1
  5. Annie
    Offline

    Annie Diamond Member

    Joined:
    Nov 22, 2003
    Messages:
    50,847
    Thanks Received:
    4,644
    Trophy Points:
    1,790
    Ratings:
    +4,770
    Explained pretty well this morning, here. Why would the media wait until after passing? Maybe those conspiracy folks are onto something:

    Hot Air Blog Archive AP: Say, guess what we just found in ObamaCare!


     
  6. Zoom-boing
    Offline

    Zoom-boing Gold Member

    Joined:
    Oct 30, 2008
    Messages:
    25,067
    Thanks Received:
    7,260
    Trophy Points:
    260
    Location:
    East Japip
    Ratings:
    +10,125
    Indeed



    US healthcare expansion means big business for India- Hindustan Times
     
  7. chanel
    Offline

    chanel Silver Member

    Joined:
    Jun 8, 2009
    Messages:
    12,130
    Thanks Received:
    2,746
    Trophy Points:
    98
    Location:
    People's Republic of NJ
    Ratings:
    +2,749
    Yep. Wish there was some satisfaction in "told ya so" but there is none. This country is cooked.
     
  8. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,837
    Thanks Received:
    12,787
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,862
    Looks like ObamaCare is going to make less on the capital gains and investment taxes than it had planned. Earnings drops are not going to help stock prices.

    As if anyone with an ounce of economic sense couldn't see it coming.
     
  9. Zoom-boing
    Offline

    Zoom-boing Gold Member

    Joined:
    Oct 30, 2008
    Messages:
    25,067
    Thanks Received:
    7,260
    Trophy Points:
    260
    Location:
    East Japip
    Ratings:
    +10,125
    It can be fixed . . . . repeal, restart, redo. Will it be? Time will tell.
     
  10. WillowTree
    Online

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,174
    Thanks Received:
    10,170
    Trophy Points:
    2,030
    Ratings:
    +14,746
    so with the companies sending the jobs overseas, obamie will collect less and less and less federal income tax.. who are they gonna look to for their sugar titties??
     

Share This Page