ST Alpha - "well, one of the reasons is the companies receiving waivers were unable to meet a particular mandate of the law" (Reading a Post)

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In response to "just wondering if you have any idea what the waiver is and why it was granted? -- nm" by decline

well, one of the reasons is the companies receiving waivers were unable to meet a particular mandate of the law

Posted by Strongbad (aka Rambler14) Oct 11 '10, 08:36

and would have been forced to drop coverage on a portion of their comployees.

Responses:

right, so the waiver allows the companies to continue to employ people and provide them with health coverage. Why is that a bad thing? -- nm - decline Oct 11, 08:38 9
- I think (but I don't really have a clue). The company is providing a level of coverage that is below what the govt wants. Right? I am confused about - James Bond (aka Igor) Oct 11, 08:59
- What's the point of the mandate in the first place then? - Strongbad Oct 11, 08:43 7
  - This probably explains it better than I could, but the mandate that is being waived (for 1 year) is to remove the cap on lifetime coverage - decline Oct 11, 08:53 5
    - The end result is a good thing, we agree. - Strongbad Oct 11, 09:04 2
      - Word to your IM. I have my doubts about premiums not going up. I think from what we have seen, they likely will. -- nm - James Bond (aka Igor) Oct 11, 09:09 1
        
        Premiums already go up by outrageous amounts. I typically see 20%-30% increases *each year* for my business - decline Oct 11, 09:13
    - ^ this article explains it -- (link) - decline Oct 11, 08:54 1
      - So we are assuming that later the govt will have a better insurance, and the companies will just dumb all their employees onto it? -- nm - James Bond (aka Igor) Oct 11, 09:02
  - because they had to keep watering it down in a futile attempt at bipartisan compromise. - znufrii Oct 11, 08:45

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