Harvard bitten by the Obamacare monster it helped spawn

Ironic how a prestige university like Harvard would be forced into a bind like having some Obama.Care regulations interfere with their pristine employees' health care plans.

Seems many there are a little perturbed.

But it's all for the good of everything right?


Harvard bitten by the Obamacare monster it helped spawn

Hope that you don’t have an allergy to schadenfreude, because this is the pure stuff: ” For years, Harvard’s experts on health economics and policy have advised presidents and Congress on how to provide health benefits to the nation at a reasonable cost. But those remedies will now be applied to the Harvard faculty, and the professors are in an uproar.” Turns out that adding mandatory procedures and extra coverage costs money; so does the ‘Cadillac tax’ on high-end plans like Harvard’s. So Harvard went and passed those extra costs to policy holders – like everybody else did – and said policy holders are, well, freaking out.

Harvard Ideas On Health Care Hit Home, Hard

Members of the Faculty of Arts and Sciences, the heart of the 378-year-old university, voted overwhelmingly in November to oppose changes that would require them and thousands of other Harvard employees to pay more for health care.


"None of us who protested was motivated by our own bottom line so much as by the principle,” Ms. Lewis said, expressing concern about the impact of the changes on lower-paid employees.


“It seems that Harvard is trying to save money by shifting costs to sick people,” said Mary C. Waters, a professor of sociology. “I don’t understand why a university with Harvard’s incredible resources would do this. What is the crisis?”

I read this earlier,..
Guess they should be happy that they are getting what they recommended to the president.

originally posted by: xuenchen
Ironic how a prestige university like Harvard would be forced into a bind like having some Obama.Care regulations interfere with their pristine employees' health care plans.

Seems many there are a little perturbed.

But it's all for the good of everything right?


Harvard bitten by the Obamacare monster it helped spawn

Hope that you don’t have an allergy to schadenfreude, because this is the pure stuff: ” For years, Harvard’s experts on health economics and policy have advised presidents and Congress on how to provide health benefits to the nation at a reasonable cost. But those remedies will now be applied to the Harvard faculty, and the professors are in an uproar.” Turns out that adding mandatory procedures and extra coverage costs money; so does the ‘Cadillac tax’ on high-end plans like Harvard’s. So Harvard went and passed those extra costs to policy holders – like everybody else did – and said policy holders are, well, freaking out.

 

Harvard Ideas On Health Care Hit Home, Hard

Members of the Faculty of Arts and Sciences, the heart of the 378-year-old university, voted overwhelmingly in November to oppose changes that would require them and thousands of other Harvard employees to pay more for health care.


"None of us who protested was motivated by our own bottom line so much as by the principle,” Ms. Lewis said, expressing concern about the impact of the changes on lower-paid employees.


“It seems that Harvard is trying to save money by shifting costs to sick people,” said Mary C. Waters, a professor of sociology. “I don’t understand why a university with Harvard’s incredible resources would do this. What is the crisis?”

Harvard has 38 billion in endowments and they can't cough up for health care they helped write/advise on? Got a bit of hypocrisy going on there huh?

Cheers - Dave

a reply to: xuenchen

Harvard has $36 billion in their endowment. BILLION.

They've average 10% ROI over the last 40 years. With $3.6 billion in passive income from their endowment PER YEAR...

THAT'S $3.6 BILLION PER YEAR.... the can afford to pony up to pay for their employees health care.

Oh... and their tax exempt too, and get over $600 million in U.S. Federal funding every year. I'm sure they don't care about Obamacare.

I am absolutely shocked. Imagine actually expecting them to play by the rules that they recommend for everyone else. The outrage of being treated the same as commoners.

Can you imagine what wouldl happen if everyone in the country had to live by the same rules?

originally posted by: N3k9Ni
I am absolutely shocked. Imagine actually expecforting them to play by the rules that they recommend for everyone else. The outrage.
Being treated the same as commoners.

Can you imagine what wouldl happen if everyone in the country had to live by the same rules?

That's the thing about liberals. Their grand ideas are always for someone else and never the liberal elite. Everyone else should pay higher taxes. I'll send my kid to private school, while I shut down school choice. I'll force you to use single payer healthcare while I get to use a private doctor or fly to the US for my treatment. I'll require businesses to pay inflated minimum wage, but make my interns work for free. You have look at what they actually do, not what they say.

I always get chuckle when the roosters come home to roost and they get slapped in the face with the reality of the market place.

I like this

www.zerohedge.com...

Of course, none of the above is the issue at hand: what is really pissing Harvard off, is that as its perennial next door competitor MIT, as expressed by one professor Jonathan Gruber, made it quite clear that only a nation as stupid as America would allow such as an opaque law as Obamacare to be passed. And, by implication, Harvard being subject to this law, makes its faculty about as stupid as the average American voter. And there is nothing more crushing, "distressing" and "anxiety-provoking" for a bunch of wealthy, ivory tower dwellers than seeing their own egos go down in flames.

a reply to: Stormdancer777

originally posted by: Stormdancer777
I like this

www.zerohedge.com...

Of course, none of the above is the issue at hand: what is really pissing Harvard off, is that as its perennial next door competitor MIT, as expressed by one professor Jonathan Gruber, made it quite clear that only a nation as stupid as America would allow such as an opaque law as Obamacare to be passed. And, by implication, Harvard being subject to this law, makes its faculty about as stupid as the average American voter. And there is nothing more crushing, "distressing" and "anxiety-provoking" for a bunch of wealthy, ivory tower dwellers than seeing their own egos go down in flames.

That's awesome.

Believe or not, the faculty at Harvard do not get paid well at all. The ones I've hung out with come off super arrogant at first, but they're all really nice once they drop that facade.

Maybe a little humbling was needed.

a reply to: Stormdancer777

Of course, none of the above is the issue at hand: what is really pissing Harvard off, is that as its perennial next door competitor MIT, as expressed by one professor Jonathan Gruber, made it quite clear that only a nation as stupid as America would allow such as an opaque law as Obamacare to be passed. And, by implication, Harvard being subject to this law, makes its faculty about as stupid as the average American voter. And there is nothing more crushing, "distressing" and "anxiety-provoking" for a bunch of wealthy, ivory tower dwellers than seeing their own egos go down in flames.

the truth hurts...who would have known

I went to the graduation commencements at the local college last month. The college president kept talking about the "rights and privileges" bestowed on the students getting their degrees.

I wonder what extra rights those are and what privileges he was talking about?

Must not be related to health care apparently.

And of course,

" Their just looking out for the faculty who dont make as much "

Riiiiiight, THE WHOLE COUNTRY PROBABLY DOESNT MAKE AS MUCH !!!

WHO'S GOING TO PAY FOR THEIRS !

Reap what you sow, idiots.

a reply to: xuenchen

All I can say is Hahahahahahahahahahahahah!!!!!!
The chickens come home to roost!
SnF
All Above get stars*****

originally posted by: N3k9Ni
I am absolutely shocked. Imagine actually expecting them to play by the rules that they recommend for everyone else. The outrage of being treated the same as commoners.

Can you imagine what wouldl happen if everyone in the country had to live by the same rules?

Socialism/liberalism/progressivism at it's best

We are so smart you must do whatever we tell you to do

We will teach our young that they must rule you with fairness in mind at all times

BUT

we are so intelligent, so worthy of ruling you that

what is fair to the dirty masses

should never apply to us

we are above fairness because we are the embodiment of fair and kind and just
to the unwashed masses
and deserve to actually live "above" the fray

because we are the political and intellectual elite

who deflect your anger to "rich"

while we live the life of privilege we deserve
for ruling you so kindly liberally and progressively

a reply to: xuenchen

Too funny. The Progressive School gets it in the end by the Progressive policies.

originally posted by: macman
a reply to: xuenchen

Too funny. The Progressive School gets it in the end by the Progressive policies.

But Proggies never see it that way. They are in a constant state of denial and have the annoying tendency to always blame others for their failures. It's never their fault...ever.

They could be drunk behind the wheel of a car and run over a pedestrian on the sidewalk and they will claim it's the pedestrians fault.

They are totally, completely delusional and should be institutionalized. They are mentally incompetent.

a reply to: TDawgRex

Yep. That is why it is soooooo funny.

$198,400 Average salary for a full professor in 2012

$201,600 Average salary for a male full professors in 2012

$187,500 Average salary for a female full professors in 2012

+$69,500 Change in average full professor salary at Harvard since 2000

1,084 Number of full professors at Harvard

#1 Harvard’s rank for average faculty salaries in the world

What were you saying about Harvard salaries?
Those who can most afford it squeal the loudest.
Like most Americans though they probably spend nearly every dollar they make leaving nothing for added expenses like Obamacare.
"they're looking out for the least-paid workers" alright.
They think they are the least-paid.

a reply to: xuenchen

Doesn't that make them racists?

Because everyone else that is/was against obamacare was labeled racist.

Harvard bitten by the Obamacare monster it helped spawn

Just goes to show a 'Havard' education isn't what it use to be.