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13:43// Intervening on state intervention with artistic reappropriation, my one true love. Plleeeeease be my Valentine? I love you Samuel Dwinell, for the good and even the not-so-good bits. You will always be perfect to me. 😘🐺😕🐨❤️🐺😘😘😘😘😘😘😘😘😘😘😘
AOL Chairman and CEO Tim Armstrong blamed the babies of two employees for increasing the company’s benefit costs on Thursday, explaining in a conference call that AOL had to pay millions out in medical bills and alter its entire benefits package. The remarks came just hours after the company announced changes to its 401(k) plans and complained that Obamacare has increased costs by $7.1 million.
“We had two AOL-ers that had distressed babies that were born that we paid a million dollars each to make sure those babies were OK in general,” Armstrong said on a conference call first reported by Capital New York. “And those are the things that add up into our benefits cost. So when we had the final decision about what benefits to cut because of the increased healthcare costs, we made the decision, and I made the decision, to basically change the 401(k) plan.” Under the new program, AOL employees will not be able to collect any matching funds toward their retirement savings from the company for any given year if they leave before Dec. 31 of that year.
But health care experts ThinkProgress contacted questioned why a large self-insured company with more than 5,000 employees could not absorb the additional health care costs associated with the pregnancies. Large employers typically purchase reinsurance, which could cover a substantial share of big claims and ensure stability in cases of larger-than expected medical payouts.
“The Affordable Care Act is simply a convenient whipping boy for any decision an employer makes to cut benefits,” Tim Jost, a law professor at Washington and Lee, said. “Assuming AOL had reasonably generous coverage like most large employers, it should not have experienced any significant changes in its benefit structure for 2014. Perhaps it had to pick up a few more employees that had not been covered before or reduce premiums for a few employees, but it is hard to see $7.1 million here.”
Besides being a complete dick, I’m pretty sure AOL’s chairman violated stringent patient privacy laws by giving out identifiable information about his employees. Hope TP gets comment from AOL about that.
Not only am I dead to my body, but to my mind too. Nisargadatta Maharaj (via ashramof1)
"Pain is physical, suffering is mental. Suffering is due entirely to clinging or resisting. It is a sign of our unwillingness to move, to flow with life. Although all life has pain, a wise life is free of suffering. A wise person is friendly with the inevitable and does not suffer. Pain they know but it does not break them. If they can, they do what is possible to restore balance. If not, they let things take their course."
~Nisargadatta Maharaj, born Maruti Shivrampant Kambli, was an Indian spiritual teacher and philosopher of Advaita, and a Guru, belonging to the Inchgiri branch of the Navnath Sampradaya