Shocker: Universal Orlando To Drop Part Time Health Coverage Because of ObamaCare
President Obama confidently stated in 2009, “If you like your health care plan, you can keep your health care plan,” …unless you are one of the 7 million people the non-partisan Congressional Budget Office is estimating that will lose their employment based health insurance. Fail.
Need some more concrete evidence? Check this out:
Universal Orlando plans to stop offering medical insurance to part-time employees beginning next year, a move the resort says has been forced by the federal government’s health-care overhaul.
The giant theme-park resort, which generates more than $1 billion in annual revenue, began informing employees this month that it will offer health-insurance to part-timers “only until December 31, 2013.”
The reason: Universal currently offers part-time workers a limited insurance plan that has low premiums but also caps the payout of benefits. For instance, Universal’s plan costs about $18 a week for employee-only coverage but covers only a maximum of $5,000 a year toward hospital stays. There are similar caps for other services.
A spokesman said, “We’d like to have the option to continue offering [coverage plans], but the ACA doesn’t offer that type of flexibility.” They also noted that Universal would not be saving any money by dropping these part-time insurance plans.
Maybe Pelosi and her crew of Democrats that ruled the House, Senate, and White House should have read the legislation before passing it. Just sayin’…
As an astute commenter below
copy and pasted noted, the coverage is minimal and only covers up to a maximum of $5,000 a year. However, this is a lot better than most part time jobs. Ask a restaurant owner if he is going to provide health insurance for his employees and see how long it will take for him to laugh at you. Universal provides (at least for a little while) coverage that would take care of common sickness and routine doctors visits, not catastrophic damage. But, as I stated, that’s still a lot better than most other part time workers’ benefits. It sure beats the hell out of the part time working benefits I ever received. All I ever got was a measly 25% discount on food.
Also, the commenter noted that Universal’s move angered some employees “who say the resort can afford to provide more-comprehensive health insurance for its part-time workers.”
I hate to say this, because I would love for everyone to have health care coverage, but this is what happens in a free market when health care costs go up. A corporation is not going to change their bottom line because some ill-contrived piece legislation jacks up health care costs – they are just going to adjust by making cuts. It sucks, but that’s the way it is.
Universal Orlando is owned by NBC Universal, who is owned by the non-tax paying General Electric (49%) and Comcast (51%). While you may read some lovey-dovey PR release about what those companies want to do, the core of their business revolves around maximizing shareholder wealth – that is the goal of publicly held corporations whether you like it or not.
You can point a finger and blame Universal Orlando, Universal Parks and Resorts, NBC Universal, General Electric, or Comcast, but they are doing nothing more than what a corporation would be expected to do. If prices go up for them, benefits go down for others so that their quarterly reports will remain optimistic …so that their stock prices do not go down. This move is not surprising in the slightest.
So who made the prices go up? I’ll refer you to the Democratic monopoly that controlled the House, Senate, and White House at the time the Affordable Care Act was passed. It’s capitalism, ya know, something that Democrats should have considered when slamballing the largely unpopular Affordable Care Act through Congress before they had a chance to be voted out.
…or we could just get rid of capitalism altogether and all pay into one system and give the government the power to force healthcare payment by taxpayers. Either one.