OBAMACARE FIASCO: University had to Downgrade Health Plans to Stay Compliant

The University of Minnesota had to make its healthcare plans worse in order to avoid Obamacare-related penalties. 

The Affordable Care Act levels an excise tax on high-value health coverage plans, and UM would have to pay $48 million with its existing plans. Instead, the university is lowering the quality of its coverage.

“The Office of Human Resources announced in a July email that it was making changes to the UPlan, the employee healthcare program, including adding a deductible and increasing copays for primary and specialty care,” according to the Minnesota Daily. “The email said the cost increases were necessary to help the University avoid a $48 million excise tax in 2018.” 

UM employees weren’t pleased with that deal, noted Campus Reform. But after UM offered a three percent salary increase, the union reluctantly agreed.

Read the rest of the story HERE.

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