Health Care reform is broken before it even starts. I don't know any other business owners who feel that Obama Care will be good for them and their employees. What a shame.
3M, a company known as being a top place to work by its employees, is one of the first to make a decision to drop retirees from private insurance plans. Late last week, McDonald's, one of the countries largest employers sent some signals that their employees coverages were likely to change as well.
Read the Article: 3M Co. will drop retirees from health plans, steer to Medicare.
. 3M is bound to its shareholders to make the best possible decisions based on the impending and current laws of Obama Care and the impact to its employees and business. And it looks like it did. I think this is the tip of the iceberg as companies start to assess the economic impact of the 2,000 page (unread) bill.
Have you assessed the impact to your business?
Think about what is going on here. Our businesses and employees will be paying taxes into a system over the next several years, with no services provided until 2015 (or 2014?). And, what the government did was send a signal to insurers and related businesses about what their potential business could look like by 2015, under a government managed healthcare environment.
In football, Its like knowing your opponents plays ahead of time.