Labor Unions Finally Read Obamacare Fine Print, Realize Costs Set To Spike, “Turn Sour” On Obama
By Tyler Durden
It is a well-known fact that nobody in Congress ever reads, or even skims, any law, and especially not the fine print, it passes until long after it has been enacted into law. It appears the same is just as true for the biggest pillar of support for the Obama administration: America’s labor unions, whose liberal vote every election is instrumental to preserving the outflow side of America’s welfare state. As it turns out, it was the same labor unions who enthusiastically supported the primary accomplishment of the Obama administration in the past 4 years, Obamacare, only to realize, long after it has become reality that,surprise, their healthcare plan costs are about to go up. And, as the WSJ colorfully summarizes, they are now “turning sour.”
Union leaders say many of the law’s requirements will drive up the costs for their health-care plans and make unionized workers less competitive. Among other things, the law eliminates the caps on medical benefits and prescription drugs used as cost-containment measures in many health-care plans. It also allows children to stay on their parents’ plans until they turn 26.
So what are the Unions’ demands to offset what they only now realize will push their overall costs higher? What else: Moar!
To offset that, the nation’s largest labor groups want their lower-paid members to be able to get federal insurance subsidies while remaining on their plans. In the law, these subsidies were designed only for low-income workers without employer coverage as a way to help them buy private insurance.
Top officers at the International Brotherhood of Teamsters, the AFL-CIO and other large labor groups plan tokeep pressing the Obama administration to expand the federal subsidies to these jointly run plans, warning that unionized employers may otherwise drop coverage.
But, but, they can’t – that’s the whole point, or didn’t they read that part too? Doesn’t matter – to them it is now unfair, nay “unacceptable”:
“We are going back to the administration to say that this is not acceptable,” said Ken Hall, general secretary-treasurer for the Teamsters, which has 1.6 million members and dependents in health-care plans. Other unions involved in the push include the United Food and Commercial Workers International Union and Unite Here, which represents service and other workers.
So now that even the unions have understood that Obamacare is one big tax, maybe it is time to reevaluate its arrival at a time when the already strapped US consumer sees taxes rising, and has their savings extinguished.