[lbo-talk] Fortune: Big companies seriously considering dropping plans

Michael Pollak mpollak at panix.com
Wed May 19 18:30:09 PDT 2010


This was originally speculated on a few weeks ago based on this article:

http://money.cnn.com/2010/05/05/news/companies/dropping_benefits.fortune

FWIW (it could of course just be to build a boogey man), Newt Gingrich is now presenting this as inevitable:

http://voices.washingtonpost.com/virginiapolitics/2010/05/former_speaker_of_the_house.html

Gingrich, who has a new book out Monday (It's title--To Save America: Stopping Obama's Secular-Socialist Machine ), argued the federal law has been intentionally designed to encourage businesses to drop health care for their employees, incurring a new fine in the law for not offering insurance. Employees will then enter new individual health exchanges, Gingrich argued, but find them so expensive that they will clamor for a nationalized health care system.

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Michael



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