Universal Orlando, a frequently visited Florida theme park, announced yesterday that they will no longer offer health insurance coverage to part-time workers, becoming the latest employer to make moves to avoid the costs of ObamaCare:
The giant theme-park resort, which generates more than $1 billion in annual revenue, began informing employees this month that it will offer health-insurance to part-timers “only until December 31, 2013.”
The reason: Universal currently offers part-time workers a limited insurance plan that has low premiums but also caps the payout of benefits. For instance, Universal’s plan costs about $18 a week for employee-only coverage but covers only a maximum of $5,000 a year toward hospital stays. There are similar caps for other services.
Those types of insurance plans — sometimes referred to as “mini-med” plans — will no longer be permitted under the federal Affordable Care Act. Beginning in 2014, the law will prohibit insurance plans that impose annual monetary limits on essential medical care such, as hospitalization, or on overall spending.
Universal Orlando joins the State of Virginia and several restaurants, hotels, and retailers that have taken measures, by either slashing hours or no longer offering coverage, to avoid the costs of ObamaCare. Remember what President Obama said during the debate over ObamaCare — that if you like your coverage, you can keep it. Here is yet more proof that he was lying to you.