Posted by
Defend America on Thursday, March 25, 2010 6:32:50 PM
ObamaCare Day One
Companies are already warning about higher health-care costs.
Democrats dragged themselves over the health-care finish line in
part by repeating that voters would like the plan once it passed. Let's
see what they think when they learn their insurance costs will jump
right away.
Even before President Obama signed the
bill on Tuesday, Caterpillar said it would cost the company at least
$100 million more in the first year alone. Medical device maker
Medtronic warned that new taxes on its products could force it to lay
off a thousand workers. Now Verizon joins the roll of businesses
staring at adverse consequences.
In an email titled "President Obama
Signs Health Care Legislation" sent to all employees Tuesday night, the
telecom giant warned that "we expect that Verizon's costs will increase
in the short term." While executive vice president for human resources
Marc Reed wrote that "it is difficult at this point to gauge the
precise impact of this legislation," and that ObamaCare does reflect
some of the company's policy priorities, the message to workers was
clear: Expect changes for the worse to your health benefits as the
direct result of this bill, and maybe as soon as this year.
http://online.wsj.com/article/SB10001424052748703312504575141642402986422.html?mod=WSJ_hpp_sections_opinion