Sunday, September 22, 2013

Obamacare Casualties: Home Depot Sends 20,000 Employees into Obamacare

Home Depot is transferring roughly 20,000 part-time workers to the taxpayer-funded Obamacare exchanges, marking another step in the nationwide rollout of President Barack Obama’s most prized accomplishment. 
“Unfortunately, the ACA [Affordable Care Act] precludes us from offering the limited liability medical plan we’ve been offering the part-time associates,” said Stephen Holmes, the company’s director of corporate communications. 
The 20,000 employees will have more options on government-run exchanges, he told The Daily Caller.
Home Depot Inc. employs roughly 340,000 people, but declined to give a precise number of people who will be impacted by the change. 
The government-run exchange requires people to buy insurance for a government-designed set of health-care services, including services promoted by corporate lobbies. The insurance packages can be more expensive than sought by workers, especially younger workers, but the extra costs are partially offset by subsidies from other taxpayers. 
Home Depot’s current limited liability plan allows part-timers to get critical health-care coverage at low cost. 
Home Depot’s founder, Bernie Marcus, is a strong critic of the government network. ”Obamacare is going to kill off small business,” he said this year.
Read the rest of the Story HERE.

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