The University System of Georgia Board of Regents is considering dropping retiree health care coverage for future employees in an effort to control rising health care costs.
Health insurance for the employees, retirees, and dependents at Georgia’s 35 state colleges will cost $422 million in 2010. ObamaCare will add an estimated $5 million to $10 million to that price tag, according to the University System of Georgia. To control its costs, the board of regents is considering cutting retiree health insurance for people who haven’t even been hired yet.
This drastic move illustrates how employers around the country are struggling to deal with ObamaCare’s $1.2 trillion price tag. Some employers will eliminate jobs, while some of the country’s largest employers are considering dropping coverage for all employees.
For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare.