Bloomberg is now reporting that another company, Trader Joe's, is moving its part-time employees over to the ObamaCare exchanges.
Employees with fewer than 30 hours a week will no longer be given health coverage as of Jan. 1, and will receive $500 to help them buy insurance elsewhere, the Monrovia, California-based company said in a statement.
The move makes Trader Joe’s the latest U.S. employer to cut benefits or reduce hours in response to the 2010 act, which requires companies to offer affordable coverage to full-time workers starting in 2014. Trader Joe’s, the owner of about 400 stores, said most of the affected employees will find a better deal on the health-law exchanges, where buyers may be eligible for federal subsidies.And as noted, the health care exchanges will provide better deals than Trader Joe's provided.
Many, many story lines.
I track ObamaCare cost shifting here. When I hit 50 companies, universities, municipalities etc., I plan to quit tracking. At 50, we will have reached a tipping point -- though, when IBM announced they were moving retirees off their health care program, one could argue that was the tipping point.
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