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-   -   Economics Make coverage worse or pay the ObamaTax (https://www.chiefsplanet.com/BB/showthread.php?t=279283)

HonestChieffan 12-07-2013 06:53 PM

Make coverage worse or pay the ObamaTax
 
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.

“This isn’t the deal the table committee wanted; it is better than what the University management committee had been proposing and better than what most other employee groups received,” said the union in a statement.

The deal has not yet been approved by UM’s Board of Regents, however.

UM did not immediately respond to a request for comment.

Mod98Ban 12-07-2013 07:47 PM

I'm sure CommieMore will be along shortly to tell us all why this is so much better.

stonedstooge 12-07-2013 08:43 PM

So where is all the premium money going to go? Pay for Medicaid patients to have the best of care while those paying don't hit their deductible unless they have to have some kind of major testing done?

J Diddy 12-08-2013 10:41 AM

Quote:

Originally Posted by Mod98Ban (Post 10256442)
I'm sure CommieMore will be along shortly to tell us all why this is so much better.

You forgot to end your post with TGI


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