Wednesday, January 22, 2014

Target Corporation Will Drop Insurance Coverage for Employees Under 30 Hours

According to Fox News, Target Corporation will drop insurance coverage for part time employees who work less than 30 hours a week. The decision is based on financial grounds, as in cost for the company, because the Affordable Care Act, better known as Obamacare, requires employers to cover additional areas of health coverage at a level determined by Mr. Obama and his fellow democrats who voted and approved this law into American life.

The second part of the logic for this change is that many of the Target employees whose insurance coverage is being eliminated will qualify for subsidies that are included in the ACA.

UPDATE: Link to a  Minneapolis StarTribune article on this change for Target employees that includes information on the plan to help employees transition to a different insurance carrier.

My question is this: Who will now be paying for the subsidies that many Target employees will be qualified to receive?

WHO?  

You and I, the average taxpayers, of course. Let's get this clear and straight: Previously, Target Corporation and the employees themselves covered the cost of their health insurance.  Now taxpayers like you, my husband, and me will be footing the bill for the portion that the employees will not pay, essentially taking over what Target previously paid. Unfortunately, the Expect More Pay Less slogan that Target uses doesn't apply Mr. Obama and his law since it is good for some but not for all.

One more thought: Those employees who for some reason will not qualify for subsides and who will not be able to afford to carry the full cost of their health coverage in their home budget, what will happen to them?

I wonder. And I don't get it. Not one bit.

In the meantime, I say to Mr. Obama and his fellow Democrats, Thank you, very much.