{ "media_type": "text", "post_content": "PwC goes TrumpCare on employees. You still get \"access\" & even lower premiums, but savings dwarfed by mandatory deductibles. And then they try to spin it as an improvement. Earning your loyalty.", "post_id": "58f12f238ad7250010f8d99a", "reply_count": 45, "vote_count": 30, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

PwC goes TrumpCare on employees. You still get "access" & even lower premiums, but savings dwarfed by mandatory deductibles. And then they try to spin it as an improvement. Earning your loyalty.

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PwC14, saying it has nothing to do w/ Obamacare isn't entirely true. The ACA established minimum standards for healthcare plans. Legacy plans that greatly exceeded the minimum level of care seemed overly generous by comparison. PwC may be going through this now, but many companies scaled back the plans they negotiated with insurance companies once the minimum baseline was defined and the ACA was implemented.

tl;dr Is this a direct result of Obamacare? No. Is it an indirect result? Yes.

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PwC'ers - I have been very happy with the high deductible plan since I joined it (when we first got it, I think 9ish years ago). Take a look at the calculators. As someone who also has a chronic condition, I spend less that I did on open access between premiums and co pays every visit and my Rx's were cheaper. I have given birth twice on high deductible, have a special needs child and use a lot of medical care. Take a look at how much you were paying in premiums on open access. I much prefer paying for medical care vs premiums. Just look into the details before you freak out. I was under the impression most were on the high deductible already as it typically makes more financial sense. Good luck

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P1, if you're currently enrolled in the Open Access plan, check your email.

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I like how we're blaming a trump care bill that never got a vote rather than an Obamacare that is law of the land. Costs are going up and coverage is declining. Welcome to the death spiral. Poor people now have coverage they can't afford to use while the middle class gets priced out. Awesome job

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I actually stayed with Deloitte despite an offer for PwC for pretty good cash due to the benefits at PwC (or lack thereof).

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This is a reduction in benefits and therefore a reduction in our total compensation package. We spin things for a living so I guess it's not surprising how easily some of you buy into and explain away the spin.

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I just ran the numbers for my wife and I...the annualized numbers on the high deductible vs the low deductible plans are within a few hundred dollars of each other - the difference is you pay for the LDP upfront (coming out of your paycheck) where most of the HDP costs come when/if you use the insurance through the deductible. There are also tax advantages to having an HSA..and it's portable. Honestly though, our Healthcare plans are truly appalling. It's such a slap in the face. Having come from a G-SIB before PwC, these health benefits don't even come close to my old package. Very disappointing.

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Looks like meds aren't covered. Based on my read it looks like the coverage will be comparable to open access but with a much higher deductible and no coverage before deductible is met. As to why we want open access, some of us have chronic medical conditions that require specialist appts and testing.

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This got me pretty pissed on Friday. As somebody with chronic conditions I feel let down by the firm for the first time I have been here in 10 yrs.

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I just joined PwC and man there healthcare is shitty compared to what we had at EY - we had the option of UHC or Blue Crosss Blue Shield. Th UHC plans at EY were identical to the shitty one here, but the Blue Cross option was actually really good. Hope they incorporate an option

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Making something mandatory that never was is *the* definition of ObamaCare

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Good luck guys. Booz pulled this oinkey doink 2 years ago and deductibles tripled. Don't even get me started on how many prescriptions are now considered non-standard (read: not covered) with the related Rx plan. At the time BAH had the nerve to frame it as offering "consumer driven plans" that would result in employees being "more invested in their well being".

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Why would you want the open access? I didn't think anyone still had that

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Allow me to paraphrase HR/P7: "We don't trust our hardworking employees to be able to decide when to go to the doctor."
Pay no attention to the fact that this saves a lot of 💰 for the partners. This is all about making employees consume less healthcare - because our employees are greedy with healthcare.

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Correct pwc2. We have a group plan through the firm but pay the full cost. Staff are heavily subsidized

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I had open access. If you use your healthcare often (i.e. Weekly therapist appts), I think it's worth it. I was thinking of going with the middle deductible plan anyway this year to start building an HSA, but have to admit it seems like out of pockets costs are going to be brighter, for sure. I need to model it out. Now that the "middle deductible" plan is increasing its deductible, I'll probably just go with the new plan.

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You will pay 10% coinsurance once you hit the deductible. The summary plan descriptions are all in the handouts attached to the message.

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@pwc7 I sincerely hope you are not in HIA because your comment is way of off base. This literally has nothing to do with Obamacare and the exchanges. This is a commercial plan. The changes are to make us take more ownership of our healthcare, with the overarching philosophy being that if we have more of a stake in the game we will consume less unnecessary healthcare and costs will go down over time.

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Hi there HR. Why can't we just can an honest note about this? We'd just appreciate honesty.

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HR is definitely not on FB on a Saturday. Hence their lower comp.

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