Big Biz has no problem with ACA

[JuliefromOhio]

The biggest entitlement legislation in a generation is causing barely a ripple in corporate America.
The Patient Protection and Affordable Care Act -- otherwise known as Obamacare -- is putting such a small dent in the profits of U.S. companies that many refer to its impact as “not material” or “not significant,” according to a Bloomberg review of conference-call transcripts and interviews with major U.S. employers.

http://www.bloomberg.com/news/articles/2015-02-19/obamacare-proving-not-a-burden-to-u-s-from-chipotle-to-wal-mart?hootPostID=f161599aa4512322cb471b2d89f0d309

 

[Fast Eddy]

Corporations are dropping people from health insurance and making them go to the exchanges at much higher cost. It saves the corporations money and costs the people a lot more for less coverage. The corporations love Obamacare, it gets them out of the insurance requirements.

 

[Addy]

Have to give ACA a big thumbs up.... guess it wasn't a big job killer after all...

“It’s just part of doing business,” said Bob Shearer, chief financial officer of VF Corp., which owns the North Face and Vans apparel brands. “Obamacare has added costs, but not so much that we felt we had to talk about it specifically.”

The collective shrug from the nation’s biggest employers undermines the arguments of Republicans, who call the law a job-killer as they seek its repeal.

 

[JuliefromOhio]

Have to give ACA a big thumbs up.... guess it wasn't a big job killer after all...

“It’s just part of doing business,” said Bob Shearer, chief financial officer of VF Corp., which owns the North Face and Vans apparel brands. “Obamacare has added costs, but not so much that we felt we had to talk about it specifically.”

The collective shrug from the nation’s biggest employers undermines the arguments of Republicans, who call the law a job-killer as they seek its repeal.

that's why Big Business has had nothing to do with the RWNJ's latest suit against the PPACA. they recognized that it was stupid.

 

[Caroljo]

I agree it hasn't hurt BIG corporations. Who it hurts is the smaller businesses. There are many more small business than there are big. There are many more people being hurt by this because they work for those small businesses that have cut their hours just to make sure they aren't obligated to pay penalties or cover them for insurance. The big corporations can afford to cover their people....the small ones can't. So they have to let people go, keep below 50 employees or put most on part time hours. What a great thing, huh?

 

[JuliefromOhio]

I agree it hasn't hurt BIG corporations. Who it hurts is the smaller businesses. There are many more small business than there are big. There are many more people being hurt by this because they work for those small businesses that have cut their hours just to make sure they aren't obligated to pay penalties or cover them for insurance. The big corporations can afford to cover their people....the small ones can't. So they have to let people go, keep below 50 employees or put most on part time hours. What a great thing, huh?

no one is interested in your RWNJ talking points. show evidence of your claim or bugger off.

 

[fairsheet]

Corporations are dropping people from health insurance and making them go to the exchanges at much higher cost. It saves the corporations money and costs the people a lot more for less coverage. The corporations love Obamacare, it gets them out of the insurance requirements.

Your angle makes no sense. If "management" was so bent upon giving labor less coverage at a greater cost, why didn't they do it BEFORE Obamacare?

 

[fairsheet]

no one is interested in your RWNJ talking points. show evidence of your claim or bugger off.

As with Fast Eddy, Caroljo is going back 3 or 4 years, to before any of these Fox/GOPian fear angles had been proven one way or another. You'd think that an American would be pleased to now being proven wrong, but no......

 

[marvin martian]

The biggest entitlement legislation in a generation is causing barely a ripple in corporate America.
The Patient Protection and Affordable Care Act -- otherwise known as Obamacare -- is putting such a small dent in the profits of U.S. companies that many refer to its impact as “not material” or “not significant,” according to a Bloomberg review of conference-call transcripts and interviews with major U.S. employers.

http://www.bloomberg.com/news/articles/2015-02-19/obamacare-proving-not-a-burden-to-u-s-from-chipotle-to-wal-mart?hootPostID=f161599aa4512322cb471b2d89f0d309

In fact, the big insurance companies reported record profits in 2014. Obamacare has been great for big insurance and financial corporations, which is mainly due to the large role they played in crafting the law, with the help of con men like Jonathan Gruber and Barack Obama.

 

[JuliefromOhio]

In fact, the big insurance companies reported record profits in 2014. Obamacare has been great for big insurance and financial corporations, which is mainly due to the large role they played in crafting the law, with the help of con men like Jonathan Gruber and Barack Obama.

repub/cons are THRILLED that insurance companies are doing so well under ObamaCare.

 

[JuliefromOhio]

As with Fast Eddy, Caroljo is going back 3 or 4 years, to before any of these Fox/GOPian fear angles had been proven one way or another. You'd think that an American would be pleased to now being proven wrong, but no......

it sticks in their craw that ObamaCare functions in a Christian manner seeing to it that the working poor who can't afford insurance get the help they need.

 

[marvin martian]

repub/cons are THRILLED that insurance companies are doing so well under ObamaCare.

So are you.

 

[JuliefromOhio]

So are you.

no, I'm not. it's offensive that health insurance companies make gobs of money off of disease and death. they should be non-profits.

 

[marvin martian]

no, I'm not. it's offensive that health insurance companies make gobs of money off of disease and death. they should be non-profits.

They wrote the law with con men like Gruber, in order to fool low-information folks like you into going out and lobbying for it, which you did dutifully. You're part of the problem, but the big insurance and financial corporations love useful idiots...you people are free advertising for them.

 

[fairsheet]

Obamacare was designed after Romneycare, which was designed after "Heritagecare". But rather than proclaim the wondrousness of Obamacare and the fact of its being founded upon apparently now-extinct Republican gospel, ODS is causing them to shout themselves down. Nowadays, Fox/GOPs have taken up the cause of those who would rather not ante up for their own healthcare. It's odd.

 

[marvin martian]

Obamacare was designed after Romneycare, which was designed after "Heritagecare". But rather than proclaim the wondrousness of Obamacare and the fact of its being founded upon apparently now-extinct Republican gospel, ODS is causing them to shout themselves down. Nowadays, Fox/GOPs have taken up the cause of those who would rather not ante up for their own healthcare. It's odd.

You're at odds with your fellow Obama worshipper, who is insisting that Obamacare is a faith-based initiative to provide "free" health care to the poor (despite the record profits for insurance companies in 2014).

 

[fairsheet]

You're at odds with your fellow Obama worshipper, who is insisting that Obamacare is a faith-based initiative to provide "free" health care to the poor (despite the record profits for insurance companies in 2014).

"Free healthcare to the poor", AND "record profits"! What's not to like?

 

[marvin martian]

"Free healthcare to the poor", AND "record profits"! What's not to like?

Exactly. I put it right up there with the joys of unicorn rides and camping trips with Bigfoot...

 

[fairsheet]

Exactly. I put it right up there with the joys of unicorn rides and camping trips with Bigfoot...

Your hangup is that it's working, just as the Heritage Foundation said it would. If you were the least bit honest, you'd admit that your real hangup is with the "free healthcare for the poor" part.

 

[marvin martian]

Your hangup is that it's working, just as the Heritage Foundation said it would. If you were the least bit honest, you'd admit that your real hangup is with the "free healthcare for the poor" part.

You really think it's free? Then why the record profits for the insurance companies?