Obamacare and You

 

Jim Kamer introduced the area Senior Vice President from Gallagher Benefits Services, Chris Herbruck, who spoke on the future effects of the Patient Protective & Affordable Care Act (PPACA ... Obama Care). He painted a bleak picture of ever increasing insurance costs to employers and employees; penalties on employers for both following and not following the act's requirements; penalties on individuals for not getting coverage; and the future loss of employer provided health benefits for many employees, whose present health coverage can be "managed" out of existence by mak- ing them 29 hour a week employees who need not be offered health benefits under the act.