Workers Brace For More Out-of-Pocket Expenses
Job Creators and Employees Take the Heat Despite ObamaCare’s Promised Benefits
President Obama Promised Economic Benefits As A Result Of His Healthcare Overhaul:
“President Barack Obama used his weekly radio address to tout the economic benefits of overhauling the health care system, saying that reform would help build a ‘new foundation for our economy to create the good, lasting jobs and shared prosperity of tomorrow.’” (Nia-Malika Henderson, “Obama: Health bill will create jobs,” Politico, 1/9/2010)
RED ALERT: Workers Can Expect To Pay More Out-Of-Pocket Due To Recent 9 Percent Jump In Health Coverage Cost:
“The cost for businesses providing health coverage to employees will jump by 9 percent in 2011, according to a report released Monday by PricewaterhouseCoopers. The figure would be higher, but analysts predict employers will shift more costs to workers next year. The projection… is less than the 9.5 percent hike estimated for this year, but remains several times higher than the growth of the economy, squeezing employers amid already difficult economic times…To rein in costs, businesses are expected to shift more responsibility to employees, with workers being required to pay more out of pocket when they receive care, the analysts predict.” (Mike Lillis, “Employer health costs projected to jump 9 percent in 2011,” The Hill, 6/14/2010)