Just like Michael Moore predicted – but then, he’s fat and probably a socialist, so who listens to him anyway?
Seriously, who couldn’t see this coming? Dumb Dems.
House Democrats abruptly canceled hearings into major US companies’ responses to their massive health care overhaul after receiving documents revealing that companies were considering dropping all of their employees’ health benefits in response to the healthcare bill.
Documents obtained by Fortune and published on CNN show that AT&T and other major companies — including Verizon, Deere and Caterpillar — considered eliminating their employee benefits program and simply paying a fine to the government for those they employed without insurance. The fine for AT&T would have amounted to $2,000 per employee, costing the company a grand total of $600 million a year. Maintaining benefits, meanwhile, will cost the firm some $4.6 billion.
Democrats apparently canceled hearings into the companies practices when they received the documents and learned that such hearings might expose a major flaw in their health insurance overhaul: namely that companies might pay a fine rather than provide benefits for employees because the fine would be dramatically cheaper. They’ve had the documents for roughly a month, Fortune magazine said.
Of course, I would have immediately dropped AT&T as my phone carrier. Bastards.