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2014

PearlWatson

PearlWatson

Well-Known Member
Will your employer be dropping your insurance coverage?

Overall, 30 percent of employers will definitely or probably stop offering ESI in the years after 2014.

Among employers with a high awareness of reform, this proportion increases to more than 50 percent, and upward of 60 percent will pursue some alternative to traditional ESI.

At least 30 percent of employers would gain economically from dropping coverage even if they completely compensated employees for the change through other benefit offerings or higher salaries.

Contrary to what many employers assume, more than 85 percent of employees would remain at their jobs even if their employer stopped offering ESI, although about 60 percent would expect increased compensation.
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https://www.mckinseyquarterly.com/How_US_health_care_reform_will_affect_employee_benefits_2813
 
This was an obvious reaction to Obamacare.
Not to mention, the Federal Reserve continues to devalue the dollar as the economy continues to hurdle towards total collapse.
More and more companies will look for places to save money..... and the majority will save the most money by cutting benefits.

I highly expect Obamacare to get repealed before it goes into effect though.
 
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PearlWatson said:
Even if Obama gets reelected?
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For one thing, Obama is losing in the polls right now.
And for another, the Republican controlled congress will continue to receive major pressure from it's constituents.

But maybe I'm just talking out my ***, because whoever is president will probably just pass executive orders usurping congresses authority anyway.
Considering both candidates have similar healthcare plans, irregardless of what Romney wants you to believe before he's elected.
 
TheSilencer1313 said:
Not to mention, the Federal Reserve continues to devalue the dollar as the economy continues to hurdle towards total collapse.
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I'm curious... what mechanism do you perceive as being used by the Fed to devalue the dollar? Are you referring to short-term lending practices? Or the securities buy-up to introduce more currency into the market?
 
leftyjace said:
I'm curious... what mechanism do you perceive as being used by the Fed to devalue the dollar? Are you referring to short-term lending practices? Or the securities buy-up to introduce more currency into the market?
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The Fed continues to print billions of dollars a year with no backing.
Considering the United States imports almost all of it's goods nowadays, other countries are beginning to notice the dollars worthlessness.
I'm referring to the Feds continued trading of derivatives, thanks to the repeal of Glass-Steagall.

It's only obvious that the more dollars you introduce into the market with no backing, the less and less it will be worth to that countries money holders.
 
TheSilencer1313 said:
The Fed continues to print billions of dollars a year with no backing.
Considering the United States imports almost all of it's goods nowadays, other countries are beginning to notice the dollars worthlessness.
I'm referring to the Feds continued trading of derivatives, thanks to the repeal of Glass-Steagall.

It's only obvious that the more dollars you introduce into the market with no backing, the less and less it will be worth to that countries money holders.
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OK. Just seeking further clarification. So how are these billions of dollars being printed getting introduced to the market? Are you referring to some other method than the fiat money system - government debt instruments?

And I understand your argument of supply and demand - I did get my undergrad in Economics. :)
 
leftyjace said:
OK. Just seeking further clarification. So how are these billions of dollars being printed getting introduced to the market?
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These billions of dollars get introduced into the market by congress, issued through the treasury, and loaned at interest by the Fed.
Well the documented ones do.
Here's an CBS news clip of some undocumented ones, announced on Sept. 10, 2001.
https://www.youtube.com/watch?v=y7ywpfOOn7k&feature=youtube_gdata_player

That was 11 years ago, so I wonder how many more trillions of dollars have been so-called undocumented.

leftyjace said:
Are you referring to some other method than the fiat money system - government debt instruments?

And I understand your argument of supply and demand - I did get my undergrad in Economics. :)
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I won't get into my gold standard debate here, as the economy and the Fed are so out of control.... it would take many many years to ever get on that standard again.
At least a government audit of the Fed would actually shed some light on where those banksters are sending all of our money.
At the same time, we know they're not sending it our way, so it probably doesn't matter much.

Although I chose not to go to college at this point, I respect your undergrad my friend :-)
 
PearlWatson said:
This thread is about losing your employer provided insurance.

Anyone worried about it?
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I lost mine in July of '11 when I got laid off. In looking for new employment, companies offering insurance are increasingly rare. And no, I am not better off than I was 5 years ago.
 
TheSilencer1313 said:
These billions of dollars get introduced into the market by congress, issued through the treasury, and loaned at interest by the Fed.
Well the documented ones do.
Here's an CBS news clip of some undocumented ones, announced on Sept. 10, 2001.
https://www.youtube.com/watch?v=y7ywpfOOn7k&feature=youtube_gdata_player

That was 11 years ago, so I wonder how many more trillions of dollars have been so-called undocumented.
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I think what I'm getting at (and I alluded to it in another thread)... using principles of supply and demand, one would think with trillions of dollars of currency introduced into the market, you would see a larger bump in inflation.

TheSilencer1313 said:
I won't get into my gold standard debate here, as the economy and the Fed are so out of control.... it would take many many years to ever get on that standard again.
At least a government audit of the Fed would actually shed some light on where those banksters are sending all of our money.
At the same time, we know they're not sending it our way, so it probably doesn't matter much.

Although I chose not to go to college at this point, I respect your undergrad my friend :-)
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I certainly believe a government audit of the Fed is warranted, and I also agree that the fiat money system is not the best.

And thanks :)
 
Oh, and I will check out the documentary / news thingy on that.




Pearl, sorry to hijack your thread.

I personally am not worried about a retraction in benefits until we get ready to cross that bridge. If there is a market-wide rebellion against Obamacare and the issues raised because of it, congress will act swiftly and decisively - especially if it causes turmoil as quickly as I think it will.
 
leftyjace said:
I personally am not worried about a retraction in benefits until we get ready to cross that bridge. If there is a market-wide rebellion against Obamacare and the issues raised because of it, congress will act swiftly and decisively - especially if it causes turmoil as quickly as I think it will.
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At that point you'd see either a public option or major penalities levied against companies that drop EIP - probably both so the latter would fund the public option.

With premiums and co-pays I'm way past 6k a year on health insurance for my family - I'd definitely consider a public option if it was available.
 
leftyjace said:
Pearl, sorry to hijack your thread.

I personally am not worried about a retraction in benefits until we get ready to cross that bridge. If there is a market-wide rebellion against Obamacare and the issues raised because of it, congress will act swiftly and decisively - especially if it causes turmoil as quickly as I think it will.
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You are postponing your worry because you think congress will repeal it before "too much" damage is done?
 
Scat said:
I lost mine in July of '11 when I got laid off. In looking for new employment, companies offering insurance are increasingly rare. And no, I am not better off than I was 5 years ago.
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you're in Hurricane, right?????????

Anyway, where u at?
 
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