Wells Fargo drops most employee healthcare insurance options, cites Obamacare *update

[jpeyton]

Employers keep even more money and still create no jobs, blame Obama, news at 11.

Obamacare killed my dog. True story.

 

[Dulanic]

Wells Fargo is a POS company anyways. It is just SHOCKING how they would try to blame anyone but themselves for this. They just care about their shareholders and execs and will bend the associates over to fill their pockets.

Just last month Wells Fargo "miskeyed" a balance transfer for my mother in law and did it for 12K instead of $1200 which hit her with a over $200 BT fee for something she didn't even request. This STILL hasn't been corrected. Take your business elsewhere, this company is shit.

 

[Doppel]

Employers shouldn't be providing health care. It doesn't make sense in a modern economy where people change jobs so often.

While true there's currently no "cheap" way to get it other than via employment, leveraging the employer's negotiating power by virtue of their large numbers. It really is totally retarded, however. We don't use our employer for car insurance or anything else, it's an arbitrary link that of employment and health coverage. An antiquated notion.

 

[spacejamz]

Wells Fargo is a POS company anyways. It is just SHOCKING how they would try to blame anyone but themselves for this. They just care about their shareholders and execs and will bend the associates over to fill their pockets.

Just last month Wells Fargo "miskeyed" a balance transfer for my mother in law and did it for 12K instead of $1200 which hit her with a over $200 BT fee for something she didn't even request. This STILL hasn't been corrected. Take your business elsewhere, this company is shit.

Yes because this type of mistake would NEVER EVER happen at Chase, BofA, Capital One, etc...

 

[spacejamz]

This a million times over.

Also, having a HSA and a high deductible health insurance is still good. A HSA is a great idea and I love mine, works just like an IRA except in addition I can take money out at any point, penalty and tax free, for medical reasons.

Having a real marketplace (ie, where you can easily compare costs between two medical offices) and having insurance be insurance again (which is what high deductible HSA type plans do), and not a payment plan, would go a long way in helping health care in the USA.

HDHP's are great for those rarely go to the doctor. If you have kids or have some type of medical condition, they are not as pocketbook friendly as an HMO...

Our company has been 'guiding' us into these HDHP's for the past 3 years now....New employees can only select this option and the HMO options are slowing being phased out...

It has worked out well for me as the money I saved from cheaper monthly premiums goes into my HSA account and I go to the doctor about once/twice a year when the flu bug hits...

 

[uclaLabrat]

Obamacare killed my dog. True story.

Cigarettes killed my father! And raped my mother!

 

[rudder]

With a single payer health care system employers wouldn't be saddled with any health insurance costs.

True statement. They would not have the high health insurance costs... but companies and taxpayers would still have to foot the bill for high healthcare costs. Doctors don't work for free, companies don't provide multimillion dollar scanning equipment for free, drugs don't fall off trees.

For reference please research Tenncare or Romneycare.

 

[Hayabusa Rider]

A problem is, people-driven UHC looks good - solid healthcare to benefit people.

Too bad such an option wasn't and never will be. It will be politically driven and be a huge cluster like Medicaid. When it fails we'll hear "Oh, but if people have to go two weeks without their meds it's not a big deal"

The blind leading the ignorant. Nice.

The current system needs reform, but that's not what's wanted. It's placing control into the hands of an incompetent government who can't make a budget.

This ain't France. This is Tammany Hall.

 

[PokerGuy]

But ... but.... weren't we told by obummer himself that if you liked your current insurance you'd be able to keep it? Was that a lie, or ignorant stupidity?

 

[novasatori]

people getting together behind a corporation and pooling to purchase group life insurance sounds a lot like socialism and unions

let the markets be free, why should employees who have perfect health subsidize the insurance for those with less than stellar

let each pay in proportion to his genetics

 

[Hayabusa Rider]

Obamacare advocates said that companies would never drop insurance. Now it's "Oh just another thing to blame Obama for" when it happens.

The Neocons of healthcare.

 

[Hayabusa Rider]

But ... but.... weren't we told by obummer himself that if you liked your current insurance you'd be able to keep it? Was that a lie, or ignorant stupidity?

Being a fool and a liar isn't mutually exclusive. Just wait until the BIG rate increases scheduled to go into effect in 2014 for younger workers kicks in.

 

[Sinsear]

Is it not cheaper for larger employers to drop healthcare completely and pay the fine?

 

[PokerGuy]

obummer and his minions figured they could escape the wrath of the people by making sure the disaster would not be felt until after the election. Unfortunately for them, companies are starting to make decisions in anticipation of the mess, and at least some employees are going to start feeling the impact of the disaster now. That's the silver lining, that more people will have a chance to feel the impact and vote accordingly.

 

[Macamus Prime]

Next up; have your employees pay YOU!

Palin 2012!!

 

[spittledip]

With a single payer health care system employers wouldn't be saddled with any health insurance costs. Too bad Obama supported the private health insurance industry's agenda over real reform. I can't agree with brencat that Obamacare was pre-meditated to fail as a step to usher in a single payer system as building the political will to take any action on healthcare requires too much effort to blow on timid steps. It will be years, maybe decades, before healthcare reform is revisited in a comprehensive manner.

In other words, they found an excuse, and a way to Blame Obama!

And now, it's Bonus Time!

Just at the top, of course...

Did they cite Obamacare for their new $3 monthly debit card fee as well?

Or are they just another big corporation cutting costs to fatten their bottom line?

I think it is all of the above. There are no innocent parties in this one.

 

[TheSlamma]

Nice, 2 fails from the second worst bank in existence in 1 week.

 

[Ausm]

obummer and his minions figured they could escape the wrath of the people by making sure the disaster would not be felt until after the election. Unfortunately for them, companies are starting to make decisions in anticipation of the mess, and at least some employees are going to start feeling the impact of the disaster now. That's the silver lining, that more people will have a chance to feel the impact and vote accordingly.

Yeah like the voters who would be fucked by your sides Healthcare plan AKA Fuck off and die. Sara Palin almost got it right,she should have said that the big Insurance companies, bluedog Democrats and the Republicans are America's true "Death Panels".

 

[soundforbjt]

See, we told you the repubs healthcare plan which you on the right call Obamacare sucked when you introduced it years ago.

Now you got to see it in action. This proves repubs have no good ideas and should not be allowed to govern.

 

[Pens1566]

Wait. Were the dropped plans in violation of the new mandates (no lifetime max, etc.) and the only one they offered that was in compliance the high-deductible one? If so, move along, nothing to see here. Except that WF had lots of shitty coverage options for their employees for such a large company.

 

[momeNt]

Describe the situation in two words or less...

Unintended consequences.

 

[GuitarDaddy]

Describe the situation in two words or less...

WellsFargo Lies.

FTFY

 

[spidey07]

Describe the situation in two words or less...

Unintended consequences.

The consequences of employers dropping coverage was NOT unintended. Obama has said many times his goal is to eliminate private insurance companies.

 

[quest55720]

Is it not cheaper for larger employers to drop healthcare completely and pay the fine?

Yep and many of us said it at the time this is what would happen. Just a way to back door to a single payer system. If people think the 1.6 trillion defit is big wait till we do a single payer system. All it will take is 1 activist liberal judge to rule illegals get full healthcare and everyone around the world who is sick comes here and drains the system dry.

 

[her209]

Yep and many of us said it at the time this is what would happen. Just a way to back door to a single payer system. If people think the 1.6 trillion defit is big wait till we do a single payer system. All it will take is 1 activist liberal judge to rule illegals get full healthcare and everyone around the world who is sick comes here and drains the system dry.

Emergency rooms are required to treat people regardless of ability to pay and immigration status (I believe).