Two unions on strike against Verizon Communications are protesting the company’s adoption of President Barack Obama’s healthcare plan that they once supported, according to
The Heritage Foundation.
Verizon’s new healthcare plan is what Obama would refer to as a “Cadillac plan,” according to Heritage. The coverage is relatively expensive and will be subject to an additional 40 percent tax under to the Obamacare law.
The tax, which will add roughly $200 million to Verizon’s $4 billion employee health care costs, does not go into effect until 2018. But company literature requires that Verizon act now to “modify plan designs to avoid the impact of this tax.”
“The unions and our employees must work with the company to find ways to address these economic realities,” Verizon demands.
Employees are realizing that they may be forced to shoulder some of this additional financial burden. Consequently, members of the International Brotherhood of Electrical Workers and the Communications Workers of America unions are protesting their healthcare benefit “reform,” the foundation reports.
These same unions objecting to what they might face under Obamacare helped lobby for the legislation in Congress.
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