(Via the Drudge Report)
The relentlessly rising cost of health insurance is prompting some small Massachusetts companies to drop coverage for their workers and encourage them to sign up for state-subsidized care instead, a trend that, some analysts say, could eventually weigh heavily on the state’s already-stressed budget.
Since April 1, the date many insurance contracts are renewed for small businesses, the owners of about 90 small companies terminated their insurance plans with Braintree-based broker Jeff Rich and indicated in a follow-up survey that they were relying on publicly-funded insurance for their employees.
This is a system the the Big O has praised as a “landmark”. Wait until Obamacare gets under way nationally and let’s see what happens. I’m betting the landmarks then will be retiring medical personnel and closing hospitals.