Re:That “distressed baby" Tim Armstrong blamed for benefit c...
by yummyfajitas on Sunday February 09, 2014 @10:11PM
(#7208877)
...but he clearly thinks that the $7.1M in healthcare spending is something that should have to come out of the workers' 401k.
Which is utterly reasonable. AOL has allocated $X for employee compensation. The law mandates health care go up by $7.1M, so something else must be cut by $7.1M.
This is certainly bad for workers who prefer the 401k benefits to whatever Obamacare benefits are costing $7.1M (and it seems like this is many workers). But that's a problem with the ACA - blaming TA for that is silly.
Which is utterly reasonable. AOL has allocated $X for employee compensation. The law mandates health care go up by $7.1M, so something else must be cut by $7.1M.
This is certainly bad for workers who prefer the 401k benefits to whatever Obamacare benefits are costing $7.1M (and it seems like this is many workers). But that's a problem with the ACA - blaming TA for that is silly.