Wall St. Cheat Sheat: Unions: Obamacare Will Shatter Backbone of Middle Class

Senate

The Affordable Care Act now has a formidable opponent in U.S. labor unions. The unions were a key ally in the law’s passage: They spent a large sum of money on the congressional campaigns of Democrats in 2006 and 2008, and union leaders lobbied in favor of health care reform in 2009 and 2010. But with growing worries that the legislation will disrupt the health benefits of its members, America’s largest unions are asking Congress to step in.

Representatives of three of the nation’s largest unions sent a letter to Democratic Sens. Harry Reid of Nevada and Nancy Pelosi of California on Thursday.

“When you and the President sought our support for the Affordable Care Act, you pledged that if we liked the health plans we have now, we could keep them. Sadly, that promise is under threat,” letter said. “Right now, unless you and the Obama Administration enact an equitable fix, the ACA will shatter not only our hard-earned health benefits, but destroy the foundation of the 40 hour workweek that is the backbone of the American middle class.”

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