November 9, 2013
Ninety employees of California Vocations, a state-funded nonprofit that supports adults with developmental disabilities, learned that their insurance with Blue Shield will be terminated at the end of the year.
California Vocations Executive Director Bob Irvine said it’s been frustrating for the organization and its employees.
Irvine said the organization’s board of directors cancelled its policies because the new Obamacare regulations force it to purchase more expensive policies it simply can not afford.
”That would have been another 250,000 dollars” said Irvine.
Instead, it’s cheaper to pay a 100,000 dollar per year fine for not providing health care insurance, saving the company $150,000 by canceling the policy.
This article was posted: Saturday, November 9, 2013 at 6:31 am