With unions being the latest group to acknowledge their dissatisfaction with Obamacare, and probably the next group to get more ad hoc changes to get them to stop complaining, we might ask if there is anyone who really benefits from Obamacare, other than the big insurance agencies who we are now legally required to buy from.
The answer is Big Corporations:
“International Business Machines Corp. plans to move about 110,000 retirees off its company-sponsored health plan and instead give them a payment to buy coverage on a health-insurance exchange, in a sign that even big, well-capitalized employers aren’t likely to keep providing the once-common benefits as medical costs continue to rise. The move, which will affect all IBM retirees once they become eligible for Medicare, will relieve the technology company of the responsibility of managing retirement health-care benefits. IBM said the growing cost of care makes its current plan unsustainable without big premium increases. IBM’s shift is an indication that health-insurance marketplaces, similar to the public exchanges proposed under President Barack Obama’s health-care overhaul, will play a bigger role as companies move coverage down the path taken by many pensions, paying employees and retirees a fixed sum to manage their own care.”
This is the program that the President promised would allow us to keep our plan if we were happy with what we already had. That has proven to be untrue. Now we realize that the idea was that IBM wanted a nationally funded plan in order to help their profits. And IBM is not the only one:
“Other big companies such as DuPont and Caterpillar also have made the switch to exchanges for retirees, and some, including Sears, have done so for current employees as well, notes the [Wall Street] Journal.”
Just like food stamps are supposedly to help the poor, but actually work as corporate welfare for giant food retailers, Obamacare is there to save corporations; it is a bailout program. These companies no longer have to bear a business expense of medical benefits or deal with rising costs.
But how will Obamacare deal with rising costs? It has done nothing to reduce them. We already have reports of increasing prices. The government will undoubtedly start rationing care in a way that corporations would never be permitted to do for employees’ retirement benefits.
We have to wonder if Obamacare is also designed to save the healthcare industry from a collapse. Eventually, as prices kept rising, businesses would have to discontinue their benefits or reduce them. That would mean that hospitals and doctors would no longer have paying customers. They would have to cut prices to win private consumers.
Obamacare protects both big corporations and the healthcare industry from economic pressure, but it doesn’t protect the public.