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FBN’s Gerri Willis on the impact of the health-care law on employers along with their employees.
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Percent.
-- we mentioned this earlier reports today.
From a Wal-Mart -- the nation's largest private employer the -- -- of the rising health care premiums some of their one point four million employees.
Our accident -- forgo health care coverage.
All together.
Perhaps -- one of those unintended consequences of president Obama's healthcare hi may name.
Here to break it all down that's our very -- Gerri Willis this is like gut wrenching that these people at -- give up health care.
Well I you know you can't claim Wal-Mart and -- -- can't.
-- its costs are rising across the board some 60% of employers out there say.
They are raising their premiums to it workers because guess what costs are going up for them and they can afford it.
They're fighting all kinds of ways to get employees to participate in rising costs.
You get a break if you have low blood pressure for example or low cholesterol at if you have higher you pay more.
Companies are doing all kinds of things and of course Wal-Mart here saying -- We've got erased their premiums as much as 38% for some families out -- -- understand why some people -- opts not to have coverage.
But a lot of this coming directly from Obama care as we saw the car prices -- now for two years -- -- -- we sought last fall they went up then to.
A lot of employers and a lot of frankly health care companies are trying to get in front of Obama care and raise prices before all the bells and whistles of the -- going to -- just talk about.
Double B and intended consequences -- negative people that.
Don't have insurance and then what happens there rushed to the emergency room and this same exact thing happens although again.
Well I guess to doubles down on the presence philosophy that we have a lot of people who weren't employed in this -- -- who -- without care in this country.
And so those are the people that we're gonna spend government dollars on getting insurance to.
I think that it creates more problems than it's solving obviously those -- the unintended consequences.
And and I gotta tie it gets worse from here it doesn't get better because there -- taxes on companies.
That -- medical -- it's like stands.
Is so.
Add on one layer of cost another layer of -- layer of cost everything becomes more expensive and what -- really object to.
Is the what they -- they iPad -- he independent and -- payment advisory panel which is gonna make decisions about what kinds of care are given out what makes cents what treatments what drugs.
At it's no longer between you when your doctor anymore.
Uncle Sam sitting right at the table with you making decisions on the basis caucus are very on death panel.
And does that make sure you watch Gerri Willis tonight it wasn't for 6 and -- and eastern right here on Fox Business Network and to thank you.
