ObamaCare Clusterfuck: Target throws part-timers onto the Exchanges, with $500 make-good payment
Target Corp. will end health insurance for part-time employees in April, joining Trader Joe’s Co., Home Depot Inc. and other U.S. retailers that have scaled back benefits in response to changes from Obamacare.
About 10 percent of part-time employees, defined as those working fewer than 30 hours a week, use Target’s health plans now....
“Health-care reform is transforming the benefits landscape and affecting how all employers, including Target, administer health benefits coverage,” Jodee Kozlak, Target’s executive vice president of human resources, said in yesterday’s web posting. She cited “new options available for our part-time team, and the historically low number of team members who elected to enroll in the part-time plan.”
No Target workers will see their hours cut as part of the change, she said. A Target spokeswoman, Jill Hornbacher, wouldn’t say how many part-time workers the company employs, saying in an e-mail that the number “fluctuates often.”
The company wouldn’t disclose how much it spends on health benefits or how much the change would save, or what part-timers pay for their insurance, Hornbacher said.
The Affordable Care Act created new government-run health insurance exchanges to sell coverage to uninsured people, often with premiums discounted by federal subsidies. It disqualifies Americans for subsidies at the exchanges if they have an offer of “affordable” coverage from their employers, defined as an insurance premium less than 9.5 percent of their income.
Target plans a one-time $500 payment to part-timers losing coverage and a consulting firm will help those workers sign up for new Obamacare plans. It said on its website that many part-time workers may prefer coverage from the health law’s exchanges, and that by offering them insurance, “we could actually disqualify many of them from being eligible” for subsidies.
So if ObamaCare is preferable, how come the payment? And I love how Target has to fund a consultant to get the part-timers signed up. Guess the website isn't all that much like Expedia.
Oh, and I almost forgot: Full-timers, you're next.
NOTE Of course, with single payer, none of this would be happening (and, to be fair, the consulting firm wouldn't be getting their fees, and the HR VP wouldn't be justifying their large salary with useless work). With single payer, you'd get health care because you were a citizen. Just too damn simple, of course.