Republicans on the House Ways and Means Committee surveyed the top 100 companies about how much they spent on health care -- a total of 71, covering 5.9 million employees, responded. The results suggested it would be far more attractive for companies to drop workers from those plans than keep them.
Even after paying a penalty of $2,000 per employee, the companies stand to save $28.6 billion in 2014 alone by shifting employees to health insurance exchanges governed by strict federal standards. The companies stand to save more than $422 billion over the first 10 years of the law by doing this.
That's great news when workers face a period of extremely low bargaining power. Companies will be able to dump the cost without paying higher wages, and at the same time (mostly likely) they'll be getting corporate tax rates lowered.
It makes one wonder why liberals want to vote for Obama.