How Obamacare's Affecting Part-Time Workers

Obamacare is slated to take effect soon, and companies are taking action to prepare for its health-insurance exchange provisions. If you have a part-time job, you could see big changes to how you get your health insurance.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning and author of the special free report "Everything You Need to Know About Obamacare," talks with Motley Fool health-care bureau chief Max Macaluso about the recent action from Home Depot (NYSE: HD  ) to move part-time workers to Obamacare exchanges. Dan notes that Obamacare didn't give Home Depot the option to continue providing its limited-benefits health plans to part-time workers, and so rather than providing more extensive coverage itself, Home Depot will cover part of the cost for part-timers to join an Obamacare exchange. Some employees are upset by the move, even though it could result in their getting more comprehensive insurance at similar or reduced cost with federal subsidies.

Max and Dan discuss the broader trend that companies are taking with respect to their health insurance. Walgreen (NYSE: WAG  ) announced recently that it will move its employees to a private non-Obamacare insurance exchange, while IBM (NYSE: IBM  ) and Time Warner (NYSE: TWX  ) have taken similar action to provide coverage for their retired workers. Dan concludes that the news isn't necessarily bad for Obamacare as long as public exchanges get their fair share of participants, rather than just those needing subsidies.

Is Obamacare good news for investors?
Obamacare isn't just affecting part-time workers. It's also created a huge investing opportunity to buy stocks of companies poised to exploit and profit from Obamacare's provisions. Find out all about that opportunity in this free report, in which Dan walks you through the law and the companies that are positioned to benefit from it. To access this free report instantly, simply click here now.


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  • Report this Comment On September 22, 2013, at 2:05 PM, PEGformula wrote:

    Bernanke was allowed by the president and Congress to crush our economy with the wealth-dividing, hijack bank interest, force high inflation, UNLAWFUL upward stock market manipulation, QE so we move closer and closer to a third world country.

    Short-sellers of the 2X overpriced market should be compensate in full by the Fed for their unlawful manipulation.

    Obama Don'tCare is just an added assault on the American people. With my bank interest hijacked, no real progress on lowering the cost of health care, no progress on lowering the compensation of government employees, no progress on curbing outsourcing, no progress on curbing immigration, no progress on reducing the legal workweek while simultaneously reducing the cost of living, I may have to leave this once wonderful country. Bernanke is causing our cost of living to go higher, exactly the opposite of what is required.

    This 40-page site provides the answers to our problems. When you address the problems head-on, it should not be a mystery what needs to occur to promote economic prosperity: http://proposedsolutions.blogspot.com

  • Report this Comment On September 22, 2013, at 2:35 PM, clloyd53 wrote:

    Obamacare is nothing less than a corporate handout. That lets corporations put the cost of health care onto its employees and the taxpayer. Obama says that Obamacare will help the poor with tax credits on money they will now be forced to spend. But will But will not benefit from tax credits on money that they would not have paid taxes on in the first place. Obama care is just another scam by the Obama administration to take money from workers and taxpayers. To give false indicators to economic gains.

  • Report this Comment On September 22, 2013, at 2:39 PM, smishik wrote:

    So, they have covered the full timers and the part-timers. Now what about the seasonal workers like myself who don't qualify for any kind of insurance through their employer. We make less than anyone else, have to live on unemployment for 3-4 months a year which is half the pay almost and no other place to get a job because the job market is nill where i live. My son lives with me because he can't find a job either. So.... what about us?

  • Report this Comment On September 22, 2013, at 2:55 PM, Itsjustmeagain wrote:

    It's the Corperations that drop employee health care. This is as much a political statement by the 10% at the expense of their employees.

    Employees are simply pawns who have no say in what their masters do, ever since Citizens United vs.FEC that gave Corporate board the ability to crush everything for profits.

  • Report this Comment On September 22, 2013, at 4:51 PM, 2smartforlibs wrote:

    I believe this is exactly what we were all told would happen. Dump the workers on the exchange kill insurance companies than ration healthcare

  • Report this Comment On September 22, 2013, at 6:32 PM, mellison36067 wrote:

    In the 80s and 90s, all jobs had insurance. Now only jobs with unions have heath care. If even then. Whats wrong with Obama care bringing that back!! CEOs have more in a piggy bank on a shelf. There crying about pennys! And most likly pennys the CEOs will save!! Ideots.

  • Report this Comment On September 22, 2013, at 8:40 PM, sunshine4848 wrote:

    section 11-13 obamacare

    You will have to deal with navigators .. with obama care

    That will be in charge of your care

    These navigators do NOT have to have background checks and they will have ALL your info

    your ss number your medical records and they only get 20 hours of training..

    OH but not to worry in section 14 ... It tells them they should NOT steal anyone identity !!!

    This is a fact folks ... Check it out for yourself s

  • Report this Comment On September 22, 2013, at 9:29 PM, Pocor51 wrote:

    Sunshine4848 please get your fact straight and don't lie about obamacare as much of the GOP has been. I work for an not 4 profit org that got the grant for navigators. They get a through background check, drug test etc... They receive more than 29 hours of training. The state required an audit of these employees profile including the company. They signed paperwork indicating severe punishments if any identity is stolen. I am a caseworker, and as such social workers have access to client info. Medical history, ss#, addresses, phone numbers etc...yet we have been in operations for twenty five years. Do we steal identities? No. How many orbs across the country have social and caseworkers that have such info. Why has that never been a problem? Your ignorance and bias is quite transparent.

  • Report this Comment On September 22, 2013, at 9:30 PM, sagehopper wrote:

    Better tagline is "How Obamacare is causing PartIme employment". Cause a lot of employers are cutting hours below 40 to avoid having to pay for employee healthcare plans..

  • Report this Comment On September 22, 2013, at 10:22 PM, mbee1 wrote:

    You have to love the writers, they live on mars and have no clue about the effect on real persons. I just looked up Californias plans, 2 people 40 and under and 2 kids under 18 making 35000 a year bronze plan. 12700 yearly if you get say cancer, you pay 60 percent of the cost plus 50 deductibles plus of course the monthly payment. That is a sure way to get bankrupt. The silver plan reduces the hit to 4700 yearly in costs plus of course the monthly paymen and deductibles.t. Another sure route to bankruptcy.

  • Report this Comment On September 22, 2013, at 10:55 PM, AllenElliott wrote:

    OHHHH.... How Obama so loves these part time workers

  • Report this Comment On September 23, 2013, at 12:51 AM, mellison36067 wrote:

    Sunshine. Without your SS number how will "navagaters" tell who you are, and what health care you qualify for? Stop spreading GOP stupitity!

  • Report this Comment On September 23, 2013, at 1:04 AM, AllenElliott wrote:

    Progressives have always believed their own lies and blame the downfall on the conservatives it is there mantra ever since the serpent in the Garden of Eden

  • Report this Comment On September 23, 2013, at 1:20 AM, AllenElliott wrote:

    Obama is helping the large companies brake the union's back.

  • Report this Comment On September 23, 2013, at 2:42 AM, bluesunflower wrote:

    All those complaining "Obamacare" turns full time jobs into part time jobs, spare me. That's what's always been happening. Employers will do anything to get you to work as many hours as possible, but not enough to actually force the company to cover you. I worked for years in Sears, and this is simple business - which out to be outlawed.

  • Report this Comment On September 23, 2013, at 3:16 PM, doco177 wrote:

    Google "Obamacare Flowchart" at Intellectual Takeout to see a visual representation of the convoluted, corrupt mess this really is

    Congress,Muslims, Amish, Native Americans are exempt from mandate and penalties under Obamacare that the rest of us have to pay.

    1. Millions are losing the insurance Obama promised they could keep. Because ObamaCare forces employers to offer expensive Cadillac plans but also offers the option of paying a fine for not providing health insurance that can be cheaper than providing it, between seven and twenty million Americans are likely to lose their health insurance coverage according to the Congressional Budget Office. The original estimate was closer to four million.

    2. The cost of healthcare premiums is about to further skyrocket. Premium costs have already exploded, but that is a slow-motion explosion. In the near future, we could see costs double or worse. Naturally, these costs will hit an already burdened middle class hardest.

    3. Lost jobs. Lost jobs.

    The Federal Reserve's March beige book on economic activity noted that businesses "cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff."

    Consulting firm Adecco found that half of the small businesses it surveyed in January either plan to cut their workforce, not hire new workers, or shift to part-time or temporary help because of ObamaCare.

    4. Doctor shortages that will mean rationing: The healthcare industry is already a bureaucratic quagmire. ObamaCare is about to add steroids. As the profession becomes tyrannized by government, the talented people currently practicing medicine plan to get out sooner than expected. Who knows how many will choose not to get in. Doctor shortages are what lead to the nightmare known as rationed care.

    5. Somewhere around $800 billion in tax increases will hit America's middle class. This added burden will not only further oppress a middle class already reeling from a drop in wages over the last few years, but could damage the overall economy.

    6. Inflation, the cruelest tax on the poor. When businesses get socked with added costs brought about by higher taxes and burdensome government mandates, they pass those cost along to the consumer in the form of higher prices.

    7. Added bureaucracy. Even those Obama lapdogs over at the Washington Post's Wonk Blog are admitting that applying for health care is about to get more burdensome than the byzantine paperwork involved in buying a home.

    8. To cut costs or to avoid having to provide insurance, workers on the economic margins are already losing hours, which means a lower paycheck. There are a million sad stories in ObamaVille; here are just a few of them.

    9. ObamaCare is projected to add $6.2 TRILLION to a deficit the GAO has already declared "unsustainable." That's "trillion" with a "t".

    10. More taxes than currently estimated are likely to hit because of situations like this one.

    Three years ago, Obama, Democrats, and his media lied to us about cutting the cost of health care, being able to keep our insurance, and not taxing the middle class. Today, those lies and what ObamaCare is and will do to the working and middle class are the biggest untold story in America.

    The govt becoming more involved in health care is the reason the costs have increased. So Govt creates a crisis, then provides a solution that comes at the expense of liberty and freedom, costs trillions, and by most accounts won't solve the problem but in fact make it far worse.Corruption, incompetence, disregard of the Constitution, and lying are integral to the way that this country is being run.

    REFUSE and Repeal Obamacare...If only a mere 20% of the over 300 million population of the USA boycott Obamacare the government would be overwhelmed to even think they could penalize or mandate every citizen that refused to participate in the most corrupt and unlawful ways which it was passed that circumvented the constitution of the United States

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