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AT&T takes $1 billion health care reform charge

When the Medicare prescription drug program was passed in 2003, it included a provision granting employers a subsidy of 28%, or up to $1,330, per retiree for prescription drug costs.

Even though the federal subsidies were already tax free, employers
could still write them off on their income taxes, in addition to
writing off their own contribution. The new law, signed by Obama on
Tuesday, maintains the subsidy as a tax-free incentive to employers, but prohibits them from taking it as a deduction.

Lyndon Johnson gave us medicare/medicaid. Health Care prices began to climb.

Richard Nixon gave us managed care to help control those rising prices. Services were cut while health care prices continued to rise.

GW Bush gave us a drug program and prices for drugs went up.

Oboma made managed care mandatory for everyone.

With mega-corp AT&T's example, what would lead us to believe or even hope that more of the same will not produce even higher prices for employee health insurance coverage?

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Every business

is contemplating a healthcare "Surcharge" right now,let those that allowed it to happen pay for it at the register.

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

yep, healthcare costs.

yep, healthcare costs. Nothing is free.

Will we continue to allow our

Will we continue to allow our major cororations to dictate the cost of our health care in this country? It has been portrayed as a federal government evil...
here we can see that it is actually a corporate takeover of pricing through a governmental mandate.

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

katherine

I believe the Obama bill prohibits this kind of price gauging. This is an idle threat by AT&T and other major corporations...
for soon the mighty will fall.

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

eh?

It's gouging not gauging, and no, the obamacare isn't going to stop prices from rising. For some reason you can't seem to grasp that one person or one small group of people can't dictate to the marketplace (not long term anyways). The marketplace always wins. If you constrict supply by opening the floodgates of demand prices HAVE to rise, regardless of what AT&T does, what Obama says etc.

The marketplace naturally drives prices down, not up. It is because of government intervention into the marketplace why we have the situation in healthcare.

Through perverse incentives or implicit backstop guarantee's (things that don't naturally occur within the marketplace but only through govt intervention) we get a distortion, malinvestment and other unwanted, unintended consequences. These things take time however and by the time they occur many have forgotten it was govt intervention in the first place which brought on the current problem......and that govt intervention is typically to address previous govt intervention....as is the case with Healthcare.

Socialists/Communists/Collectivists can't seem to grasp the simple fact that a small handful of people CANNOT control the economy. They can try until they are blue in the face to give everyone *free* healthcare but it WILL NOT WORK. Just ask anyone that lived in any of the former satellite states of the Soviet Union. They will all tell you how horrible the healthcare actually was. I've heard numerous times how when the Soviet Union collapsed and the doctors began to open their own practices (basically giving up on state sponsored healthcare and allowing the marketplace to work instead) it was like flowers growing up out the cracks of a concrete jungle. They could literally see totally bankrupt of an idea communism was and how letting the marketplace work was SUCH a better way.