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Utahns to get zapped by Obamacare

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  • #1

    Utahns to get zapped by Obamacare

    In a previous thread we discussed the $1 billion Q1 2010 charge taken by AT&T related to Obamacare. At some point in that thread I stated that this charge will be taken by many older companies that have existing prescription drug plans (mainly utilities, manufacturers and heavily unionized companies). The interesting thing about utilities is that they are very transparent in the costs that are passed on to consumers. In fact, if they wish to pass on a cost, they usually have to file for approval from their regulator, which for Utah is the Utah Public Service Commission.

    http://www.cougaruteforum.com/showpo...&postcount=140
    http://www.cougaruteforum.com/showpo...&postcount=148

    I had some time at work today (and I work on this type of stuff anyway so I've been following it) and I ran into this:

    http://www.psc.state.ut.us/utilities...pplication.doc

    Looks like Utahns are about to feel the effects of Obamacare to the tune of about $4.7 million. That not a whole lot but it still results in higher electricity rates for Utah residents. It also doesn't include the higher taxes to be paid on the Medicare Part D program from today going forward (it only includes a recoupment of taxes from prior years). FTR, RMP is filing these applications in it's other jurisdictions as well.

    I haven't seen whether or not Questar is filing the same order, but I anticipate that they would.
    "Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf
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  • #2
    Pobrecitos.

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    • #3
      we've yet to feel the unintended consequences of this monstrosity.

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      • #4
        Originally posted by mUUser View Post
        we've yet to feel the unintended consequences of this monstrosity.
        Oh yeah....Our group premium is up 19% this year. Can't wait for next year.
        "The first thing I learned upon becoming a head coach after fifteen years as an assistant was the enormous difference between making a suggestion and making a decision."

        "They talk about the economy this year. Hey, my hairline is in recession, my waistline is in inflation. Altogether, I'm in a depression."

        "I like to bike. I could beat Lance Armstrong, only because he couldn't pass me if he was behind me."

        -Rick Majerus

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        • #5
          Originally posted by mUUser View Post
          we've yet to feel the unintended consequences of this monstrosity.
          I agree and have made my position known from the get go. Luckily this was just an intended consequence.
          "Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf

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          • #6
            Originally posted by mUUser View Post
            we've yet to feel the unintended consequences of this monstrosity.
            I don't think there will be any unintended consequences. Obama, Pelosi, Reid and the rest of the Marxists knew exactly what they were doing.
            "Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy; its inherent virtue is the equal sharing of misery." - Winston Churchill


            "I only know what I hear on the news." - Dear Leader

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