ObamaCare: Worst case scenario coming true?
Peter Johnson, Jr. weighs in
- Duration 3:48
- Date Dec 11, 2012
Peter Johnson, Jr. weighs in
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This transcript is automatically generated
Remember when President Obama always pushing for his Health Care Reform and promised you that your health care would not change.
Well looks like one of the nation's largest retailers actually be largest Wal-Mart.
Is pro mean this isn't true starting next year the company plans to eliminate health care coverage for those employees who work less than thirty hours a week.
-- mean them part time to us right now with more on this is Fox's legal analyst Peter Johnson Jim -- we've been talking about the.
Through a few years -- it seemed to chickens are coming home to roost Wal-Mart and its employees seem to be the victims of obamacare very very big way they've put up.
New standards as to who's gonna get in insurance coverage right 24 hours thirty hours when you were hired Allen and so lot of folks are saying listen.
Oh the promise of obamacare is in the land of the free and home of the and underemployed.
-- we have -- job sharing America going forward.
Oh -- be a part time America we gonna fill up the employment rolls with.
Part time employees right -- know those people out sharp and on the national numbers.
The Congressional Budget Office had -- right they said that five to twenty million people lose coverage.
McKinsey -- -- consulting company said that 30%.
Of corporate America would lose coverage under Obama care.
And now Wal-Mart is got to figure out what they're gonna do because the truth is.
In a letter in June 30 2009.
They partnered with the -- IU in the Center for American Progress to write a letter in support.
Of obamacare they had some caveats rain but they -- -- early for Obama -- so.
The issue becomes does the American taxpayer.
At this point and -- -- the victim of what the president and the congress is done.
Sure Obama care well it'll be interesting because you know -- it's a Smart company are they just doing what makes sense for the bottom yeah.
I -- -- -- people it's a great company the problem was Obama care is that it creates these incentives.
Not to provide insurance right that is the fault that is the defects in hearing in the plan and in my view.
The idea is to drive.
Corporate America -- Americans into the arms of government and say.
We will be your big daddy we will provide the Medicaid.
Taxes will fund.
This Wal-Mart and these other companies are doing what's economic they're doing what.
Affects the bottom line right I'm sure though because I've seen the real transformation and Wal-Mart.
They are going to be doing what's responsible.
For the employees are tempered by -- bomb acute they're coming up from what I've read with kind of up.
Proportional plan to make sure that people don't get hurt as a result of obamacare here's what Wal-Mart.
Says Peter they save the -- and the article refers to that requires part time associates work.
Thirty hours per week has been in place for nearly a year since the policy has been in place a higher percentage of associate signed a line.
For our health care benefits for 2013 why because our health care plans are affordable.
Companies are trying to avoid the penalties of obamacare at the same time.
Reduce the burden of of medical insurance one of the things that -- talked about was reducing.
The cost and from what we've seen -- all the projections.
Obama care has not reduced but in fact.
Increased the cost so penalties -- increased cost the burden of government.
Wal-Mart and it's very.
And its family of employees seem to be the first victims of this I think very flawed policy and the Kia Wal-Mart is they've been trying to keep cost down.
Low for years so that they can pass a low cost on and -- still did a great great buys they do what they got to figure this out they will ensure yet it's common REP Johnson junior thank you -- to deceive me.