Obamacare forces Home Depot to drop coverage for 20,000 employees!!!

[ShootSpeeders]

Remember 4 years back when obozo said "If you like your present plan, you get to keep it. Period". He lies about everything.

Home Depot Dumps 20,000 Employees Onto ObamaCare Exchanges


Thursday, 19 September 2013 17:48

Add The Home Depot to the list of companies dumping part-time employees onto ObamaCare’s insurance exchanges — and taxpayers’ backs. According to the Daily Caller, the Georgia-based retailer announced that it is dropping health coverage for approximately 20,000 part-timers as a direct result of the Affordable Care Act (ACA).

“Unfortunately, the ACA precludes us from offering the limited liability medical plan we’ve been offering the part-time associates,” Home Depot’s director of corporate communications, Stephen Holmes, told the conservative website.

Like many other companies, Home Depot currently offers a low-cost health plan with limited benefits to its part-time employees. Such plans, however, are prohibited under ObamaCare, which requires employers to offer unlimited coverage with numerous mandated benefits and shoulder most of the cost of that coverage. In addition, the ACA requires employers to offer such coverage to all employees working at least 30 hours per week. Thus, the law simultaneously bans plans that both employers and employees could afford and forces employers to cover more people at a higher cost, giving them a great incentive to cover only those employees they absolutely must.
.

 

[ShootSpeeders]

Words fail me. The big-eared ape in our white house does everything wrong and then he lies about it and the super-racist tv networks refuse to criticize him because he's black.

 

[Nova78]

 

[ShootSpeeders]

Along with everything else wrong with it, obamacare is clearly unconstitutional. States need to make that point since the useless SCOTUS rubberstamps everything the feds do.

 

[OnePercenter]

So the company that was built on taxpayer subsidies is dumping their employees cost on the same taxpayers that financed their business. That's a mighty fine THANKS!

 

[OnePercenter]

Along with everything else wrong with it, obamacare is clearly unconstitutional. States need to make that point since the useless SCOTUS rubberstamps everything the feds do.

Wasn't unconstitutional the argument to remove the non-profit requirement for HMO's which has led us to today?

 

[NYcarbineer]

Remember 4 years back when obozo said "If you like your present plan, you get to keep it. Period". He lies about everything.

Home Depot Dumps 20,000 Employees Onto ObamaCare Exchanges


Thursday, 19 September 2013 17:48

Add The Home Depot to the list of companies dumping part-time employees onto ObamaCare’s insurance exchanges — and taxpayers’ backs. According to the Daily Caller, the Georgia-based retailer announced that it is dropping health coverage for approximately 20,000 part-timers as a direct result of the Affordable Care Act (ACA).

“Unfortunately, the ACA precludes us from offering the limited liability medical plan we’ve been offering the part-time associates,” Home Depot’s director of corporate communications, Stephen Holmes, told the conservative website.

Like many other companies, Home Depot currently offers a low-cost health plan with limited benefits to its part-time employees. Such plans, however, are prohibited under ObamaCare, which requires employers to offer unlimited coverage with numerous mandated benefits and shoulder most of the cost of that coverage. In addition, the ACA requires employers to offer such coverage to all employees working at least 30 hours per week. Thus, the law simultaneously bans plans that both employers and employees could afford and forces employers to cover more people at a higher cost, giving them a great incentive to cover only those employees they absolutely must.
.

If Obamacare doesn't require Home Depot to cover parttime employees at all, why would it prevent Home Depot from giving them some coverage?

 

[Mr. H.]

So the company that was built on taxpayer subsidies is dumping their employees cost on the same taxpayers that financed their business. That's a mighty fine THANKS!

Do expound on this. Please....

 

[OnePercenter]

So the company that was built on taxpayer subsidies is dumping their employees cost on the same taxpayers that financed their business. That's a mighty fine THANKS!

Do expound on this. Please....

Harms of Big Box Retail | Good Jobs First

Home Depot on Roosevelt to get city subsidy - Chicago Tribune

http://economix.blogs.nytimes.com/2010/12/09/are-job-subsidies-in-your-state-working/?_r=0

Big retailers getting state subsidies - Philadelphia Business Journal

 

[ScienceRocks]

jobs are good. So why attack a cooperation that makes jobs???

Do you want people to have jobs?

 

[tinydancer]

So the company that was built on taxpayer subsidies is dumping their employees cost on the same taxpayers that financed their business. That's a mighty fine THANKS!

Do expound on this. Please....

Harms of Big Box Retail | Good Jobs First

Home Depot on Roosevelt to get city subsidy - Chicago Tribune

http://economix.blogs.nytimes.com/2010/12/09/are-job-subsidies-in-your-state-working/?_r=0

Big retailers getting state subsidies - Philadelphia Business Journal

And?

 

[NYcarbineer]

Is Home Depot going to convert the dollar value of the current policies into another form of compensation and pass that on to the parttime employees?

 

[JakeStarkey]

This will drive 20K more into the subsidized programs of ACA, which is exactly what the admin wants.

Home Depot is BHO's tool.

 

[francoHFW]

It's like McDonalds health care, hater dupes, no good at all and nobody bothers with it. O-care is about REAL health care fer chrissake...

 

[Mr. H.]

Do expound on this. Please....

Harms of Big Box Retail | Good Jobs First

Home Depot on Roosevelt to get city subsidy - Chicago Tribune

http://economix.blogs.nytimes.com/2010/12/09/are-job-subsidies-in-your-state-working/?_r=0

Big retailers getting state subsidies - Philadelphia Business Journal

And?

It's about TIF funding. Mr. $165 million portfolio thinks TIF is about "subsidies".

Pay him no nevermind.

 

[eagle1462010]

Part Time Workers Add to BLS Jobs Data Confusion

In 2013, the total number of full-time jobs gained have been 340k, while the total number of part-time jobs gained have been 497k. This means that of the 837k total jobs added in 2013, the portion of jobs added that are part-time is 59.4%.

Since July 2007, the number of full-time jobs have declined by 4.481 million, while part-time jobs have increased by 2.564 million.

 

[eagle1462010]

Hell of an economy we are having isn't it............................

We don't even have as many workers as we had in 2007 yet, and the Gov't spent large sums of money for shovel ready jobs, RIGHT..............................

The only area of main increases is in the PART TIME AREA, and much of it due to Obamacare.

Will his legacy be the 30 hour work week........................

Are the larger numbers of those on poverty......................

And still the idiots BOW to their King..............

 

[Mr. H.]

Obama is the destroyer of worlds...

 

[francoHFW]

The destruction of the new bs GOP will be his legacy- THANKS for ruining the nonrich and the country, the depression, and screwing up the recovery for 4 years, fools/a-holes...

 

[eagle1462010]

The destruction of the new bs GOP will be his legacy- THANKS for ruining the nonrich and the country, the depression, and screwing up the recovery for 4 years, fools/a-holes...

LOL

Only a Lib could blame others after 5 years, and bailouts well over a Trillion.

Hell, we could have put a 5 year old in charge and he would have created more jobs.

Only Gov't could spend SO MUCH and help so few people.

The Part Time shit goes SQUARELY TO OBAMA AND THE LIBERAL HORDE. You OWN IT.