Wednesday, December 11, 2013

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.

If you like what you see, please "Like" us on Facebook either here or here.
Please follow us on Twitter here.

No comments: