Just as Republicans predicted, it looks like major companies would rather take the fine than pay higher costs just so their employees can maintain their health coverage under Obamacare.
The great mystery surrounding the historic health care bill is how the corporations that provide coverage for most Americans — coverage they know and prize — will react to the new law’s radically different regime of subsidies, penalties, and taxes. Now, we’re getting a remarkable inside look at the options AT&T, Deere, and other big companies are weighing to deal with the new legislation.
Internal documents recently reviewed by Fortune, originally requested by Congress, show what the bill’s critics predicted, and what its champions dreaded: many large companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government.
Remember, Democrats now 100% own the health care issue from now into the future. Whatever happens to each voter’s plan will be blamed on Pelosi, Reid, Obama, and their underlings.
So, when thousands upon thousands of employees are cut off from the coverage they love and are forced to go on Obamacare, you can imagine how well that will go over when it comes time to vote.