The Democrats and President Obama called their massive health care overhaul legislation, “the Patient Protection and Affordable Care Act. ” But, to those like myself who buy our own health insurance, it has made health care anything even less affordable; our insurance premiums have skyrocketed. Mine have increased 45% since the legislation passed. Other friends have seen even more steep increases.
That’s just one of the problems created by the unpopular legislation. Some companies are now shifting to part-time workers in order to avoid the penalties imposed by the law:
Under the health care law, if an company has more than 50 “full time equivalent” workers, a combination of full and part-time employees, but doesn’t offer “affordable” coverage that meets the government’s minimum value standard, the company will have to pay a penalty. This penalty is determined by the number of full-time employees minus 30 full-time employees. So to reiterate a very important point: part-time workers are not part of the penalty formula. The health care law creates a perverse incentive to hire part-time versus full-time workers.
(Bold in original.) Read the whole thing.
And drawing a smaller salary as part-time workers, these individuals will have even less money to spend on a product that has become more expensive, making health care even less affordable to them –as it is any American who buys his own insurance.
Bear this in mind today as you go to vote. Mitt Romney has promised to repeal Obamacare.
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