We’re back on-line. I have lots of thoughts on lots of issues in the days and weeks to come. We’ll need to talk about the Affordable Care Act. I saw a great article today by Robert Samuelson in the Washington Post.
Pay attention to the various strategies that various companies are using to deal with the Act. Some are hiring less than 50 employees. Others are trying to keep their employees under 30 hours per week. Smaller Companies are dropping insurance or lowering wages to make up for increased costs. What was supposed to be a boon is not the panacea it was thought to be. Also note the size of the penalties. An employer would have to pay more in premiums than the penalty in many cases. If that occurs the money doesn’t go to health care it goes to the Deficit, as do the individual penalties. So, the Government gets well on people losing their health insurance. The law of unintended consequences.