Backdoor to socialized medicine?

[Coronita]

[quote=briansd1]flu, does that mean that house prices will drop? If so I’m all for it.

If Obama’s policies are so bad, one should not buy a house for as long as he’s president. ;)[/quote]

Do you not get it yet Brian?

Unless you are claiming to be financially independent, it doesn’t matter how low home prices drop when there are no jobs.

IF this drives up considerable costs for employers, jobs will vanish. You (again, unless you claim to be financially independent) will be like most other working class people will face an even more competitive landscape, because companies will do everything to keep their profits intact as much as possible. That means getting rid of employees, expecting more from current employees, and or cutting benefits for existing employees.
The people that are going to get hurt are not those executive or rich folks (who arguably don’t even need insurance)… They are the decision makers, they are the ones that dictate where to hire/fire/move offices. It doesn’t matter what this bill is, they’ll find a way to keep their bottom line. The only thing that increasing costs will do is essentially make squeeze the upper middle class (which by all means are not “rich” or wealthy) and make them poor and essentially divide the have (rich) versus the have nots even more.

Large companies probably will have an easier time absorb this cost. I’m worried about the smaller/mid size companies that are above 50 employees. If you have seen my previous posts, I until now have not generally subscribed to the notion of job movement overseas as being a huge threat. However, I’m no longer so sure IF this is going to cost companies a bundle, this might just very well be the nail on the coffin. I’m already hearing rumblings for colleagues about this…If you need to build team X over the next 5 years, where is the best place to invest your time/resources and keep costs in line, given you have office location X, Y, Z, with the recent turn of events. Folks that I know in a position to hire/employ or have businesses are trying to make sense of all this, and being that they need to plan resources well in advance, don’t know what to do at this point.
My neighbor who is an executive at an unnamed large publically traded wireless company that is losing a lot of money has already voiced concerns about spiralling costs in the U.S. and that if increases costs, they will most likely proceed with plans to move all operations overseas, because they are losing a hell of a lot of money in their business right now when their peers are all profitable. Paraphrased, his division cannot afford to lose any more money, and they are already running on fumes have gone through several rounds of layoffs.

And WTF do you mean by if this drives down home prices, you’re fine this?…It’s complete hypocracy to have the position that “we” should be paying for more healthcare to help out the poor and at the same time on the other hand to be cheering for more unemployment if that is convenient for YOU so that people who previously could afford to live in a home can no longer afford it being unemployed, so long as it satisfy your selfish desire to see lower housing prices, at any means necessary. Like so much of the idealogy of helping people in need, I find a lot of the rhetoric is full of shit. Hopefully for you, you never have to deal with a major health issue, or never have to deal with unemployment for an extended period of time.

Anyway, I’m still trying to understand all the of the health bill and implications. I guess I’m looking it at a slightly different angle. I’m looking at it as companies would see it as expenditures and trying to figure out what co’s are going to do.

[Coronita]

And so…The circus begins…

http://finance.yahoo.com/news/ATampT-will-take-1B-noncash-apf-1302110960.html?x=0&sec=topStories&pos=6&asset=&ccode=

Your iphone service will get a lot worse…lol…
I don’t think most people realize how much is at stake here. Anyone want to guess how many employees ATT employees and how many they are still on a retiree plan/etc?

AT&T will take a $1 billion non-cash charge in first quarter related to the health care bill

NEW YORK (AP) — AT&T will take a $1 billion non-cash charge in the first quarter related to the health care overhaul.

AT&T Inc. said Friday that the charge is to reflect the change of the tax treatment of Medicare subsidies. Companies say the health care overhaul, which President Barack Obama signed Tuesday, will make a subsidy that companies receive for retiree drug coverage taxable in 2011.

AT&T also says it is looking into changing the health care benefits it offers to active and retired workers because of the legislation.

On Thursday, Deere & Co. and Caterpillar Inc. announced similar charges. Both say the health care law will raise their related expenses.

Like I said, I hope I’m wrong, me thinks it’s going to get a lot worse for the unemployment scene.

[Coronita]

And so…The circus begins…

http://finance.yahoo.com/news/ATampT-will-take-1B-noncash-apf-1302110960.html?x=0&sec=topStories&pos=6&asset=&ccode=

Your iphone service will get a lot worse…lol…
I don’t think most people realize how much is at stake here. Anyone want to guess how many employees ATT employees and how many they are still on a retiree plan/etc?

AT&T will take a $1 billion non-cash charge in first quarter related to the health care bill

NEW YORK (AP) — AT&T will take a $1 billion non-cash charge in the first quarter related to the health care overhaul.

AT&T Inc. said Friday that the charge is to reflect the change of the tax treatment of Medicare subsidies. Companies say the health care overhaul, which President Barack Obama signed Tuesday, will make a subsidy that companies receive for retiree drug coverage taxable in 2011.

AT&T also says it is looking into changing the health care benefits it offers to active and retired workers because of the legislation.

On Thursday, Deere & Co. and Caterpillar Inc. announced similar charges. Both say the health care law will raise their related expenses.

Like I said, I hope I’m wrong, me thinks it’s going to get a lot worse for the unemployment scene.

[Coronita]

And so…The circus begins…

http://finance.yahoo.com/news/ATampT-will-take-1B-noncash-apf-1302110960.html?x=0&sec=topStories&pos=6&asset=&ccode=

Your iphone service will get a lot worse…lol…
I don’t think most people realize how much is at stake here. Anyone want to guess how many employees ATT employees and how many they are still on a retiree plan/etc?

AT&T will take a $1 billion non-cash charge in first quarter related to the health care bill

NEW YORK (AP) — AT&T will take a $1 billion non-cash charge in the first quarter related to the health care overhaul.

AT&T Inc. said Friday that the charge is to reflect the change of the tax treatment of Medicare subsidies. Companies say the health care overhaul, which President Barack Obama signed Tuesday, will make a subsidy that companies receive for retiree drug coverage taxable in 2011.

AT&T also says it is looking into changing the health care benefits it offers to active and retired workers because of the legislation.

On Thursday, Deere & Co. and Caterpillar Inc. announced similar charges. Both say the health care law will raise their related expenses.

Like I said, I hope I’m wrong, me thinks it’s going to get a lot worse for the unemployment scene.

[Coronita]

And so…The circus begins…

http://finance.yahoo.com/news/ATampT-will-take-1B-noncash-apf-1302110960.html?x=0&sec=topStories&pos=6&asset=&ccode=

Your iphone service will get a lot worse…lol…
I don’t think most people realize how much is at stake here. Anyone want to guess how many employees ATT employees and how many they are still on a retiree plan/etc?

AT&T will take a $1 billion non-cash charge in first quarter related to the health care bill

NEW YORK (AP) — AT&T will take a $1 billion non-cash charge in the first quarter related to the health care overhaul.

AT&T Inc. said Friday that the charge is to reflect the change of the tax treatment of Medicare subsidies. Companies say the health care overhaul, which President Barack Obama signed Tuesday, will make a subsidy that companies receive for retiree drug coverage taxable in 2011.

AT&T also says it is looking into changing the health care benefits it offers to active and retired workers because of the legislation.

On Thursday, Deere & Co. and Caterpillar Inc. announced similar charges. Both say the health care law will raise their related expenses.

Like I said, I hope I’m wrong, me thinks it’s going to get a lot worse for the unemployment scene.

[Coronita]

And so…The circus begins…

http://finance.yahoo.com/news/ATampT-will-take-1B-noncash-apf-1302110960.html?x=0&sec=topStories&pos=6&asset=&ccode=

Your iphone service will get a lot worse…lol…
I don’t think most people realize how much is at stake here. Anyone want to guess how many employees ATT employees and how many they are still on a retiree plan/etc?

AT&T will take a $1 billion non-cash charge in first quarter related to the health care bill

NEW YORK (AP) — AT&T will take a $1 billion non-cash charge in the first quarter related to the health care overhaul.

AT&T Inc. said Friday that the charge is to reflect the change of the tax treatment of Medicare subsidies. Companies say the health care overhaul, which President Barack Obama signed Tuesday, will make a subsidy that companies receive for retiree drug coverage taxable in 2011.

AT&T also says it is looking into changing the health care benefits it offers to active and retired workers because of the legislation.

On Thursday, Deere & Co. and Caterpillar Inc. announced similar charges. Both say the health care law will raise their related expenses.

Like I said, I hope I’m wrong, me thinks it’s going to get a lot worse for the unemployment scene.

[briansd1]

flu, the bill is going to cost $1 trillion over 10 years or $100 billion per year. But anticipated revenue will cover the cost and lower the deficit by over $100 billion that same period.

Large companies are sitting on a trillion is cash, righ now.
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/05/AR2009110505221.html

That AT&T write-down is nothing compared to what they make. That non-cash write down is a book entry that will allow them to immediately save, in real cash, $300 million in taxes (whatever their tax rate is).

http://finance.yahoo.com/news/ATT-to-Release-FirstQuarter-bw-3815054365.html?x=0

I think that universal health care is a worthy cause. If the Republicans want to make the hard choice and cut spending, I’m all ears.

How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.

[briansd1]

flu, the bill is going to cost $1 trillion over 10 years or $100 billion per year. But anticipated revenue will cover the cost and lower the deficit by over $100 billion that same period.

Large companies are sitting on a trillion is cash, righ now.
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/05/AR2009110505221.html

That AT&T write-down is nothing compared to what they make. That non-cash write down is a book entry that will allow them to immediately save, in real cash, $300 million in taxes (whatever their tax rate is).

http://finance.yahoo.com/news/ATT-to-Release-FirstQuarter-bw-3815054365.html?x=0

I think that universal health care is a worthy cause. If the Republicans want to make the hard choice and cut spending, I’m all ears.

How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.

[briansd1]

flu, the bill is going to cost $1 trillion over 10 years or $100 billion per year. But anticipated revenue will cover the cost and lower the deficit by over $100 billion that same period.

Large companies are sitting on a trillion is cash, righ now.
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/05/AR2009110505221.html

That AT&T write-down is nothing compared to what they make. That non-cash write down is a book entry that will allow them to immediately save, in real cash, $300 million in taxes (whatever their tax rate is).

http://finance.yahoo.com/news/ATT-to-Release-FirstQuarter-bw-3815054365.html?x=0

I think that universal health care is a worthy cause. If the Republicans want to make the hard choice and cut spending, I’m all ears.

How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.

[briansd1]

flu, the bill is going to cost $1 trillion over 10 years or $100 billion per year. But anticipated revenue will cover the cost and lower the deficit by over $100 billion that same period.

Large companies are sitting on a trillion is cash, righ now.
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/05/AR2009110505221.html

That AT&T write-down is nothing compared to what they make. That non-cash write down is a book entry that will allow them to immediately save, in real cash, $300 million in taxes (whatever their tax rate is).

http://finance.yahoo.com/news/ATT-to-Release-FirstQuarter-bw-3815054365.html?x=0

I think that universal health care is a worthy cause. If the Republicans want to make the hard choice and cut spending, I’m all ears.

How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.

[briansd1]

flu, the bill is going to cost $1 trillion over 10 years or $100 billion per year. But anticipated revenue will cover the cost and lower the deficit by over $100 billion that same period.

Large companies are sitting on a trillion is cash, righ now.
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/05/AR2009110505221.html

That AT&T write-down is nothing compared to what they make. That non-cash write down is a book entry that will allow them to immediately save, in real cash, $300 million in taxes (whatever their tax rate is).

http://finance.yahoo.com/news/ATT-to-Release-FirstQuarter-bw-3815054365.html?x=0

I think that universal health care is a worthy cause. If the Republicans want to make the hard choice and cut spending, I’m all ears.

How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.

[meadandale]

[quote=briansd1]
How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.[/quote]

How about the democrats, who control congress, or the white house end the wars? They are, after all, the ones in power? Didn’t they all run on a platform of ending the wars?

[meadandale]

[quote=briansd1]
How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.[/quote]

How about the democrats, who control congress, or the white house end the wars? They are, after all, the ones in power? Didn’t they all run on a platform of ending the wars?

[meadandale]

[quote=briansd1]
How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.[/quote]

How about the democrats, who control congress, or the white house end the wars? They are, after all, the ones in power? Didn’t they all run on a platform of ending the wars?

[meadandale]

[quote=briansd1]
How about the Republicans propose ending the wars rather than that using defense as a political weapon? Ending the wars would free up plenty of money.[/quote]

How about the democrats, who control congress, or the white house end the wars? They are, after all, the ones in power? Didn’t they all run on a platform of ending the wars?

[Author]

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