WSB Forum » Open Discussion

(73 posts)

Now Denny's is getting involved (healthcare related)

  1. So, Papa Johns, Red Lobster, Jimmy Johns, Olive Garden and now Denny's. Are these guys just sore losers, or is there something to this? If they all limit employee hours to 30 a week to skirt Obamacare and/or add a 5% "Obamcare" surcharge to every tab is that a prudent thing for a business owner to do? I assume if enough businesses participate that a boycott won't have any material impact.

    Posted 3 years ago #         
  2. Smitty..

    On one hand they have a point. Asking America's businesses to pick up the tab for America's healthcare delivery is not good for business...
    and it isn't efficient since too many choose plans based on expense rather than healthcare delivery.

    On the other hand.. i won't be setting foot in any of those restaurants as long as they play this card.

    The truth is that those businesses are deferring their business expense onto the public when they manipulate employees hours to avoid healthcare costs... and it isn't just healthcare we end up paying for.

    A better solution is for the business community to get behind single payer so that we can provide basic healthcare economically and efficiently.

    Posted 3 years ago #         
  3. Most "under the radar" industries are doing the same thing. Call centers for example are limiting hours to 30/week.

    Also, if all (or most) service industry/F&B companies do the same thing as Denny's there won't be anyone to *not* boycott, right?

    Posted 3 years ago #         
  4. I'd opt for the "sore loser" and "making excuses for cost-shifting" answer.

    Wanna see a fast food restaurant company model that is successful and still shows respect and care for their employees? Look here...

    Posted 3 years ago #         
  5. Lindsey
    Member Profile


    Businesses can choose whichever option they'd like to comply with PPACA. Their business, their choice. What bothers me is them making a giant show of picking the asshole-iest option of reducing hours & dumping their employees into the exchange AND making a big deal of charging their customers for the compliance. It's double dipping if you understand the law. If they reduce all hours so that they have less than 50 FT or FT equivalent employees, then there's no penalty and no mandate! What the hell are they charging for? It seems akin to saying, "Well the government says we are forced to construct a handicap accessible entrance now, UGH, so we have to charge you 5 cents extra on your burger to pay for it." Just comply and don't whine about it.

    @Smitty, I'd have to argue with you on that one. I work in this field, employee benefits, and my husband works at a call center. He's paid very well and his benefits are robust because his employer understands the value of taking care of its employees. I know firsthand that there are many, many like-minded businesses that are already doing the same thing, no matter how "under the radar" you may think those jobs are. I would not at all say that *most* service industries will be doing the same thing.

    Posted 3 years ago #         
  6. wakeflood
    Member Profile


    It's true that we need to get to single-payer to really get costs under control. But the things that really burn me are:
    1. ACA was born from a CONSERVATIVE think tank. This was their idea how to keep profit flowing to insurance companies and still get most/all covered - which is imperative for leveling the premium costs for everyone.
    2. Lots of these companies don't realize that adding CENTS - yes CENTS - to the prices of their products, they get massive good will by their employees and even customers who want to support companies that have SOME BASIC human empathy.
    3. Have you noticed that Papa John's owner will spend more giving away a million pizzas for the Super Bowl than it would cost to give his staff basic health care (the cost of which he could pass along to the consumer)? Oh, and his 21 car garage, golf course and two swimming pools of one of his major homes needs some upgrades, no doubt.

    These "let them eat cake" robberbarons have no shame, no empathy, no desire to help anyone but their own. Boycott 'em if you want but let them know why. That's all they respond to. $$$

    Posted 3 years ago #         
  7. wakeflood
    Member Profile


    And here's an interesting article about another competing pizza place's response to Papa John:

    Posted 3 years ago #         
  8. Papa John's corporate headquarters: Louisville, KY
    Red Lobster: Orlando, FL
    Jimmy John's: Champagne, IL
    Olive Garden: Orlando, FL

    Note that these places are not Seattle.

    These are not places where, when people walk into a restaurant, they go, "Excuse me, where is your chicken sourced?"

    More like: "What can I get for under $10?"

    Apparently, this fact had never occurred to President Obama when he was working out the details of the ACA. If it had, he would've done the smart thing and made it a little harder for companies to wriggle off the hook. That in turn would've ensured a level playing field for all small businesses, instead of penalizing the ones that complied with the spirit of law while rewarding those that didn't.


    Jo, a reminder. Two years ago, I warned you that this would happen. Do you remember?

    I warned you that some employers would even dump their existing plans and throw their employees on the mercy of the government rather than taking a significant hit to their bottom line.

    Your reply: "Good. I hope they do."

    Welp, ya got your way.

    Posted 3 years ago #         
  9. skeeter
    Member Profile

    This is a mess for sure. I have a good friend who works for a major national movie theater chain. His theater is in Bellevue. I don’t think there has been an “official” company response to ACA. But my friend was notified earlier this month that he will be cut back to 29 hours due to ACA. That’s lousy.

    Theoretically, my friend could go out and find another part-time job for 10 hours per week so he would continue to earn what he earned before ACA. But that is challenging because two part-time jobs means you could have scheduling conflicts. It’s really difficult for both employer (making schedules) and employee (juggling two employers) to make sure you’re not assigned to work at the same time/shift for each employer.

    This was a major, major failure of ACA. Employers have found a very simple way around the additional expense. So now some employees are in a *worse* position than they were before ACA. Most of these employees earn only $10/hour. Many are going to school at night or are taking care of a child. It’s going to be difficult to juggle two part-time jobs instead of one full-time job.

    Posted 3 years ago #         
  10. DBP, I remember you saying that and I agreed.

    I also remember saying that Obamacare is designed to fail intentionally. Companies will have to make adjustments and when they do, they will be the bad guy and the gubmint will be our daddy to provide everybody's healthcare.

    "Come to papa for more candy! Did big mean business make changes and throw you out in the cold? How unexpected! Keep voting for me and I will keep giving you candy!"

    Is this going to improve the quality and reduce the cost? Nope. Gubmint doesn't do that. Gubmint makes it equally sh!tty for everybody.

    DBP, I hate it when you're right.

    Posted 3 years ago #         
  11. Make big business the bad guy will be tough to pull off - even with the media in their pocket.

    Employees will compare it to the way it was before "Obama"care and make up their own minds. He owns it. It has his name in it (which he gladly accepted during the first debate).

    And make no mistake - this is just the start. Once they hit critical mass they will all jump on board and there will be very few left to *not* boycott.......

    Posted 3 years ago #         
  12. DBP..

    "Jo, a reminder. Two years ago, I warned you that this would happen. Do you remember?

    I warned you that some employers would even dump their existing plans and throw their employees on the mercy of the government rather than taking a significant hit to their bottom line.

    Your reply: "Good. I hope they do."

    Welp, ya got your way."

    No DBP.. the fact that they fulfilled my expectations is not getting my way...

    any more than secession would be.

    But, we both know this was a very bad compromise in the first place...

    i hope they publicize the heck out of their sour grapes refusal to make the health care policy that originated in conservative think tanks work so we can get on with the business of creating something that will.

    and in the meantime... i will continue to think globally and buy locally where business owners understand that treating their employees well creates a better experience for both the employee and the customer.

    if my goal was saving money
    i would buy something from the freezer section at my local grocery and nuke it.

    the freezer section at my local grocery provides a better pizza
    and after my trip to Venice.. both hubby and i do better pasta than i can get at Olive Garden...

    when so much good food is available at home.. why would i go out for a casual meal if not for the service?

    Posted 3 years ago #         
  13. wakeflood
    Member Profile


    Anyone who wants to discuss this issue and starts with "it's gubmit's fault cuz they screw everything up", has zero credibility. Medicare and Medicaid BOTH spend around 93% or more of every dollar on ACTUAL HEALTH CARE DELIVERY.

    Private, FOR PROFIT insurance only put around 65% of every dollar toward actual HEALTH CARE. The rest is their super "efficient" model of delivery and profit.

    Only GUBMIT can pool resources to a significant extent to get major discounts in prescription costs AS THEY DO WITH VETERANS CARE. Big Pharma wouldn't allow it in ACA.

    So, if you're worried about cost, then you HAVE to take profit out of the equation somewhere. Good luck figuring out how to do it with people who think GUBMIT can't be the seat of control.

    Frankly, I hope that anyone with that perspective has to someday bear ALL the costs associated with any significant illness, like lots of my friends have. Does bankruptcy have to be the natural result of having a big illness?

    Posted 3 years ago #         
  14. Smitty, JV and skeeter

    You know fellas, i am getting weary of all of this gubmint is bad bullshit.

    The heating in your homes comes to you by way of the government.
    The internet you are using to complain about the government comes to you by way of the government.
    The water you can drink from your tap comes to you by way of the government.
    The roads you drive on...
    the paid holiday you are about to celebrate
    in the safety of private and public spaces all certified safe and patrolled by the police the government provides
    the fire department you will count on to save as much as they can if your house burns down or to save yours if your neighbor's burns down

    all of those and so many more that i could spend the next 24 hours sitting here typing away and not come to the end of the list
    come to you by way of the government.

    the very laws that keep other people from intruding on the privacy and safety of your home are provided and maintained by your government.

    In balance, you have very little to complain about.

    but.. since you persist...let me ask you
    if the Gubmint was republican would it suddenly become government and a good thing?

    Because one thing is certain,
    in spite of all the campaign promises it would increase.
    All you have to do to verify that is check US History.

    the continual repetition of mudslinging may make for ringing election rhetoric

    but as an argument.. it falls with one big squishy plop onto the palate and leaves a very bad taste.

    It's time to get over it and get on with it.
    The big gubmint is bad obama is a muslim liberals just want to tax and spend the world into bankruptcy card was played in the last election and it lost.

    if you want to talk about what our legislators.. democrat and republican .. are doing wrong in Congress.. i am willing to talk.

    but lets have a grown-up conversation about what isn't working, why it isn't working and how we can fix it so that it will work...

    This notion of political robots walking lockstep into some socialist nightmare future is one of the biggest piles i have ever heard...

    and NaNaNaNaNa says more about the person repeating it than about who or what it is aimed at.

    the collective sigh of relief at the end of the campaign was abysmally short lived.

    Posted 3 years ago #         
  15. Great point wake, you're full of credibility!

    They have done wonders with public education too! There's plenty if profit in that racket, but not much education.

    So is Obamacare going to reduce cost and improve quality? That is all that matters.

    Posted 3 years ago #         
  16. JoB, for the 100th time, we never said NO government, we said limited government that stays out of areas where it doesn't belong.

    Keep arguing with your straw about adult conversations.

    Tell us, with all of your business experience, what would you do if you ran a business and you had to make a financial decision about laying people off or cutting hours in order to keep the company afloat?

    Posted 3 years ago #         
  17. wakeflood
    Member Profile


    Absolutely right and well said, JoB. It was first said in the mid 90's and it's even more true today.

    "Whatever your particular problem is, I promise you, the modern "conservative" isn't the least bit interested in solving it. They are interested in two things and two things only. Making you afraid of it, and telling you who's to blame for it."

    And the blame usually starts with government and eventually gets around to the poor and non-whites.

    Posted 3 years ago #         
  18. JV

    "So is Obamacare going to reduce cost and improve quality? That is all that matters."

    if it was fully implemented, the answer to that question is yes.

    will it control costs in such a way that will bring our healthcare costs in line with the rest of the industrialized world? No.

    but it might bring out level of care in line with the rest of the industrialized world. In spite of all the rhetoric about how great American health care is...

    we have to increase our national survival statistics to meet the standards set by emerging countries.

    no straw argument there.

    if we want to further control health care costs we have to provide some mechanism for single payer whether though mandated regulated base insurance programs or through a government health system.

    Posted 3 years ago #         
  19. wakeflood
    Member Profile


    OK, JV, so you say you're good with some government but apparently not ANY publicly funded education? And what profit are you talking about in public education???
    And if you were paying attention, you might notice that all those wonderful for profit schools that have sprung up are being investigated for charging ridiculous amounts of $, getting people indebted for life, and promising jobs that they know don't exist. But that's all ok, right? It's a business, education is just the "product" for sale.

    Posted 3 years ago #         
  20. JV

    "JoB, for the 100th time, we never said NO government, we said limited government that stays out of areas where it doesn't belong."

    and where would that be JV?
    in business matters?

    right now our federal government subsidizes those bottom lines you revere with tax breaks and subsidies.

    should the federal government get out of that business?

    i would agree with you there.

    but where i suspect we can't agree is the effect of regulation.
    i personally believe any industry that believes it's immediate short term profit is more important than even the survival of the industry needs to be regulated more..not less.
    I believe that any business which accepts public bailouts at the expense of the citizens who provide those bailouts should be held accountable to the public.

    and i believe it is nothing more than pure stupidity to lower tax rates on businesses experiencing the most profitable years in their corporate history.

    raising taxes creates jobs JV...
    because at the end of the day if a businessman has the choice between investing his profit in his company or paying taxes on that profit..
    they invest every single time.

    that's common sense speaking.. but it is also exceedingly sound business sense.

    If you could defend your position nearly as succinctly.. that would be intelligent adult conversation JV.

    Posted 3 years ago #         
  21. wakeflood
    Member Profile


    Frankly, I expect that some for profit education is a reasonable thing. Just don't give me the crap that it's the best thing or that it isn't subject to the same greed mentality of any other for profit business or that publicly financed education shouldn't exist.

    Posted 3 years ago #         
  22. wakeflood..

    for profit education has always existed in the United States...

    what is new is that the public is being expected to fund it at the expense of public education.

    Posted 3 years ago #         
  23. Bostonman
    Member Profile

    I am more amazed you guys are surprised this happened. I had even mentioned that I was asked to look at this for my company of 54 employees.

    The government can't take over something in the public market only halfway. If they were going to make something like this successful they needed a government plan, a way to keep the insurance companies from jacking up premiums and a way to keep companies from manipulating the system. The only way to do those things would have been to either regulate everything or offer tax incentives which would have increased the cost of Obama care.

    This is still a free and capitalist society and companies will always find a way to make money and not dilute margins. As soon as the government tries to regulate profitability companies will move out of the US. Companies that can't will either fold up shop or increase costs to the consumer.

    This stuff isn't really hard to understand. Anyone with a working knowledge of macro and microeconomics and has tried to run a business or manage one could have seen this coming a mile away.

    Posted 3 years ago #         
  24. wakeflood
    Member Profile


    Agreed, JoB.

    I'm not against trying things to make the system work better. Most of our system is based on 19th century industrial German concepts built to create good little factory workers.

    And I get that a little more meritocracy within Teacher's Unions would probably be a helpful thing. And I also suspect that paying the great teachers $150k/yr. to go to the worst schools would help as well.

    There's room for lots of good ideas to take root, I'm just tired of hearing that public education is a lost cause...

    Posted 3 years ago #         
  25. wakeflood
    Member Profile


    But I digress... :-)

    The topic was health care/ACA and people who only think that you fix things via unregulated capitalism.

    Posted 3 years ago #         
  26. wakeflood
    Member Profile


    Hey Bostonian,
    I don't think anyone's particularly surprised. I'm not, doesn't sound like JoB is either.

    I'm trying to figure out if you're making the case for single payer, cuz single payer - like almost every other country that has it - has cost controls. If you're saying that health care is like every other business and you can't have dictated margins, then you can't have single payer and you get what you have now, which is untenable. And single payer with dictated profit works in those countries. Companies do provide services there.

    So, what are you suggesting exactly?

    Posted 3 years ago #         
  27. wakeflood..

    i don't believe public education is a lost cause.
    i believe it is our only hope as a democratic nation.

    we somehow seem to have raised generation(s) who can quote sources but can't tell the difference between a good and a bad argument and have no idea what to do when the power goes out.

    Now is not the time to give up on public education.
    Now is the time to invest in it.
    the power won't stay on forever.

    Posted 3 years ago #         
  28. So, according to JoB if you dislike *some* parts of government you must hate the entire thing (internet, etc from #14 above). That being the case, wake, do you hate *all* capitalism?

    Do you, Job?

    Posted 3 years ago #         
  29. Bostonman
    Member Profile

    I actually think there should have been a single payer system in place with Obamacare but because there wasn't I think he did the worst thing possible. Shove through legislation that wasn't and isn't going to accomplish its stated goals.

    Regardless of whose fault it was that there isn't a single payer system with the healthcare program doesn't matter. In business you sometimes need to understand that no decision can sometimes be better than a bad decision.

    Instead now, we have a program in place that is going to only hurt the lower middle class and lower class. Companies will still come out whole and insurance companies can still do what they want.

    Posted 3 years ago #         
  30. wakeflood
    Member Profile


    OK Bostonian, I reread your post and maybe you're suggesting that the govmnt needed to provide their own insurance option in ACA? If that is what you suggest, they tried to insert that and it got shot down by the for profit lobby. They said, don't worry, we'll provide something that fills that void. Which was the same argument they used to shoot down "Medicare for All". Which was my favorite fallback position.

    Basically, what I'm saying is people don't get both sides of the argument. You can't say Obama screwed up when all the better options he was willing to implement were shut down. It's the same old conservative crap. Spend whatever it takes to ensure regulation is the least effective it can be and then complain that it doesn't work.

    I'm not saying you favor that, just that it happens time after time...

    Posted 3 years ago #         
  31. Bostonman

    "The government can't take over something in the public market only halfway. If they were going to make something like this successful they needed a government plan, a way to keep the insurance companies from jacking up premiums and a way to keep companies from manipulating the system."

    I agree completely. No surprises here for me either.

    Posted 3 years ago #         
  32. wakeflood
    Member Profile


    Well, if nothing else, and this is actually very damn important, they can't deny for pre-existing. And that's huge and worth the fight.

    It will take time and more $ and energy to get to a better place. Maybe this flawed system will get some significant upgrades on the way to single payer. I sure hope so.

    Thanks for clarifying.

    Posted 3 years ago #         
  33. Bostonman
    Member Profile

    Post 13 is accomplished ( I can't find a link to support it) by creative accounting. If you have any idea how government accounting and non-profit accounting works then you know that all of these are set up through agency and proprietary funds. The expenses of adminstering Medicare and Medicade are buried in another fund. So, you can manipulate the cost of delivery for something.

    It's all a big accounting nightmare that if you want to unravel it by fund you better be a very experienced accountant or auditor. It's all per GAGAS (Generally Accepted Government Accounting Standards) but it's still tricky to understand.

    Posted 3 years ago #         
  34. Smitty...

    please find the post where i indulged in name calling in regards to capitalism?

    because that was the point of my post.. the name calling indulged by those who label government as the problem

    and by the way only consider it big government if they think it prevents them from doing something they think would be in their own individual best interests.

    which btw.. is exactly when i think government should step in.. when an individual's perceived best interests is detrimental to the majority...

    Frankly, i don't have that big a problem with capitalism. i think that given man's nature capitalism is as good as any other economic model.

    but i don't think capitalism is what is in play..
    so your question becomes a moot point.

    Posted 3 years ago #         
  35. Bostonman
    Member Profile

    Well Wake, money in politics is a bad thing. That's all I can say. I still stand by my position that even if its all controlled by democrats that money in politics will still keep most things from being done.

    It's so expensive to run for public office these guys understand they need that money if they are going to be re-elected. Of course, campaign finance reform is a whole different subject.

    Posted 3 years ago #         
  36. Bostonman...

    "I actually think there should have been a single payer system in place with Obamacare but because there wasn't I think he did the worst thing possible. Shove through legislation that wasn't and isn't going to accomplish its stated goals."

    and here comes the real catch 22..
    the alternative to that was to do nothing...
    and let the healthcare industry completely bankrupt the nation.

    would that have been a better alternative?

    We can all agree that Obamacare was not the best solution

    but you don't get street cred in this discussion without offering a viable alternative solution.

    It's time to fix what is wrong with Obamacare
    not to revisit the question of whether or not health care reform was necessary.

    If business got behind single payer in any form it would pass.
    because that is where the money to get elected comes from

    Posted 3 years ago #         
  37. wakeflood
    Member Profile


    Smitty, do I hate all capitalism? Nope. I've run my own company and I've worked for others big and small.

    I will offer the same critique of capitalism as the Father of the Free Market, Adam Smith:

    ”When the regulation, therefore, is in support of the workman, it is always just and equitable; but it is sometimes otherwise when in favour of the masters.”

    Posted 3 years ago #         
  38. Bostonman
    Member Profile

    My fix is far to long for these boards. But, you can't put the cart before the horse. That is what happened here.

    Hell, who even knows if my fix would have been better but, I understand business. I have run my own business and now I am a partial owner in this business. To me, this was done backwards.

    Yes, sometimes doing nothing is better than doing something. Or, at least, trying to look at better options while doing nothing. Instead, I think pushing this through was political pandering.

    Sorry, I don't need any cred. The fact that this has all come to light should be enough to realize that what was done is going to have a negative effect not a positive one. So, if anything, government lost the cred.

    I think trying to fix Obamacare now is going to make it end up costing a lot more money than it did initially. If you can fix it without adding costs then ok.

    Posted 3 years ago #         
  39. wakeflood
    Member Profile


    Boston, in reply to your "buried costs of delivery" for Medicare/Medicaid, it may very well be higher than quoted once you unravel the accounting, but even if it's double what is quoted, it's still a better deal than private insurance. Oh, and if you want to know how much of a scam private health insurance really is, you can read from a guy who spent his whole career inside it at high levels. Here's just one of his posts:

    Posted 3 years ago #         
  40. wakeflood
    Member Profile


    And yes, Boston, I agree, money weirds politics. I think it is the root of most/all of the issues we have regarding government. It's now officially an arm of the plutocracy. Bought and paid for.

    If we solve THAT issue, we go a long way toward solving many, many others...

    Those who make peaceful revolution impossible, make violent revolution inevitable. JFK

    Posted 3 years ago #         
  41. wakeflood
    Member Profile


    And just so we're clear, we're bashing Obama for getting some forward motion on an issue that lay unattended for 30yrs. as the third rail of politics.

    Tens of millions more people will get insurance - which reduces $Billions of unpaid emergency room bills that you and I pay for in our premiums.

    Let's direct the scorn at the true perpetrators of the pain, both literally and figuratively.

    Posted 3 years ago #         
  42. Bostonman
    Member Profile

    Well, I am not bashing Obama on it. He just happened to be the one in office but there are a lot of people to blame for it. All the way from lobbyists to senators.

    Just because something was ignored for 30 years doesn't mean we should make decisions in haste. We should be thoughtful and calculating. I don't look at it as forward motion because I think its going to cause a lot of people pain before it causes them good.

    I don't think tens of millions of people will get insurance because they still need to pay for it. In addition, they likely make such a small amount of money they won't need to pay the tax either. So, I don't think any claims should be made about enrollment until we start to see what happens over the next year.

    If I was poor and didn't need to pay the tax I wouldn't go buy a policy. I would just continue to do what I was doing before. So, we shall see but you have one huge assumption built into your prior statement.

    Will insurance companies that save money actually pass that savings onto other policy holders? My bet is absolutly not.

    Posted 3 years ago #         
  43. bostonman

    "Yes, sometimes doing nothing is better than doing something. Or, at least, trying to look at better options while doing nothing. Instead, I think pushing this through was political pandering."

    we can agree on the political pandering. I am not buying the "the republicans made us do it" gambit any more than you are.

    but we had to start somewhere
    something had to be done.

    I opened AARP's November bulletin today to these sobering figures..

    According to a new study by the Institute of Medicine based on figures from the Center for Medicare and Medicaid Services ...
    out of $2.8 trillion dollars in yearly health care expenditures,... $765 billion is wasted dollars .. that's about 27%.

    want to know how that breaks down?

    $75 billion .. the much touted fraud

    $55 billion ... missed prevention opportunities
    which Obamacare is designed to rectify

    $105 billion .. excessive prices..
    levied against those without a healthcare insurance company that negotiates lower prices...

    $130 billion .. preventable errors/mistakes
    like complications arising from prematurely discharging patients after surgery..

    $190 billion ... Insurance and bureaucratic costs

    $210 billion ... unnecessary services

    this is what following the dictates and priorities of capitalism has done for our health care system.

    Obamacare is not a perfect solution
    but it is a start.

    isn't it time big business got behind single payer?
    it's certainly in their best interests.

    for someone who understands business
    you seem to have a really difficult time differentiating between what is good for wall street
    and what is good for business.

    Posted 3 years ago #         
  44. skeeter
    Member Profile

    JoB – I don’t think the government is bad. I’m a frequent user of government services. I use the roads. I use the libraries. I get protection from the U.S. military. If I called 911 I am confident that a responder would help me.

    I was simply pointing out that ACA has some pretty lousy consequences for certain folks. My buddy used to have a 40 hour per week job with no medical benefits at $10.50/hour. Now he has been notified he will have a 29 hour per week job with no medical benefits at $10.50/hour. If he was an isolated case it wouldn’t be all that relevant. I don’t think he is alone though. I think many, many employers will choose this option. This individual is considerably worse off with ACA. That is my only point. I’m not saying ACA is bad. There are winners and there are losers. It’s just lousy that my friend earning only $10.50/hour happens to be one of the losers.

    I’m actually in agreement with you. And I think Bostonman is too. Single-payer system is the only reasonable resolution. That’s the only way we can make sure (1) everyone has medical coverage and (2) businesses are not saddled with the insanely high price tag for that coverage.

    Posted 3 years ago #         
  45. Bostonman
    Member Profile

    How so JoB? I think having a revamped healthcare program is what was needed, no doubt. But, does anyone expect insurance companies to pass on any savings to other policy holders? If you do then you are living in a pipe dream.

    You do know Wall street in many ways is seperate from most companies right? I am sure you do. Wall street is for public companies. Most of those companies off shore their jobs anyways. Most business aren't associated with wall street. They are just trying to get by. But, they are owned by individual investors who are trying to get a return on their dollar.

    My prediction, the near term effect (2 to 4 years) will be more part time jobs, a reduction in full time jobs, a reluctance to hire above the phase out limitation for companies and insurance companies with ever growing profit margins. I am sure business would have liked having a single payer program so they could drop insurance coverage. At least they wouldn't have to wrestle with the ethical decision at that point.

    I should take the money I made on Bank of America and buy insurance stocks. But, instead I used it to buy a few AR 15's. Oh well. I guess we win some and lose some.

    Posted 3 years ago #         
  46. wakeflood
    Member Profile


    It sounds like it's going to take each and every one of us to physically show up on the steps of congress demanding single payer for it to happen. And even then, I'm not sure there's enough will power to buck the Health Care Industrial Complex.

    I'd be more optimistic if the brainwashed fools mindlessly following the right wing pundits realized they were being played - all the way to their grave...

    Posted 3 years ago #         
  47. Lindsey
    Member Profile


    "But, does anyone expect insurance companies to pass on any savings to other policy holders?"

    Yes, actually. It's a provision of the ACA called the medical loss ratio rule. Basically, it means that insurance companies must spend at least 80% of the premiums they collect on actual care, instead of adding that money to their profit or using it for lobbying, etc.

    Posted 3 years ago #         
  48. Bostonman
    Member Profile

    Look at that Lindsey, you provided me some interesting reading. So, I didn't see anything indicating what the current MLR is for each company. I will still be curious if we will see anything back or if they will funnel it to the doctors.

    Thanks for the link though. Very interesting.

    Posted 3 years ago #         
  49. Lindsey, enforcing that provision might turn out to be rather difficult. It depends on what is included in the definition of "actual care."

    Could that also include management costs, I wonder?


    Billing expenses?

    Lotsa wiggle room there, I 'spects.


    Re: #46

    I'd be more optimistic if the brainwashed fools who think the plutocracy behind the right wing pundits actually realized they were being played - all the way to their grave...

    wakeflood, here's something I don't get.

    Why is that whenever a Mitt Romney does something that serves the interests of big money, certain people call him a nasty plutocrat, but whenever Obama does the same damn thing, people make excuses for him?

    Romney criticizes ACA, he's a villain.
    Obama cuts deal with Big Pharma, he's a victim.

    'splain that to me please.

    Your Humble & Obdt. Fool,


    Posted 3 years ago #         
  50. Just looked this up after my last post . . .

    The govt. watchdog "OpenSecrets" reports that for the 2012 race Big Pharma donated considerably more to Mr. Obama than they did to Mr. Romney.


    Posted 3 years ago #         

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