Posted on 04/02/2014 12:16:31 PM PDT by Jim Robinson
Obamacare will cost large companies between $4,800 and $5,900 more per employee and add hundreds of millions to their overhead, according to a new survey.
The American Health Policy Institute conducted a confidential survey of 100 large employers—those with 10,000 or more employees—asking what costs they expect to incur from Obamacare over the next decade.
Factoring in the health care law’s added mandates, fees, and regulatory burdens, employers anticipate cost hikes between $163 million and $200 million in 2016, a 4.3 percent increase. By 2023, employers will be paying 8.4 percent more than “what they would otherwise be spending” for their employees’ health care.
In the next 10 years, the total cost of Obamacare to all large American employers is estimated to be from $151 billion to $186 billion, according to the study.
“This study is a c-suite diagnosis of how [the Affordable Care Act] ACA is shaping large employer behavior,” Tevi Troy, president of the American Health Policy Institute, said. “We don’t know yet precisely how employers will react, but the study shows that employers will have to make real changes or incur heavy costs, which means that the ACA will have a significant impact on those in employer-sponsored health care.”
While noting that some will say the results will “lead to more economical use of health care dollars,” the study questions whether the increase in health costs could bring the “end of the employer-sponsored health care system.”
“If the law leads to significant cost increases for [employers], this would affect the behavior of employers, which could in turn affect how—and even whether—they provide health care for their employees,” the study said.
Health care costs have already been increasing for large businesses...
(Excerpt) Read more at freebeacon.com ...
Hope and Change, Baby!
You mean the unicorns do not work for free?
Because they’re racist.
What’s the record for unemployment? Something like 24% during the depression? Unless this Obamination is repealed I think we’ll beat that number easily.
The costs will be passed along to those who have jobs and/or pay taxes. And that includes property tax, sales tax, etc. That leaves out a lot of people. Those people will be paying with government money put on their ebt cards.
it appears the only solution is....a minimum wage increase! (obvious sarcasm)
And well it should. Damn greedy business owners anyway, taking their money they earned and using it for things. The nerve!
Emanuel’s brother said it’s designed to get to single payer.
Lots of new VA clinics have opened up around Houston. I was assigned to one of the new ones. There’s hardly ever anyone there. I go in and wait about ten minutes to see the doctor. And every staff member I’ve spoken to are new hires. I wonder if these clinics aren’t being built to treat civilians when fully government run healthcare is instituted.
and eat less meat and cheese.
It means no raises for the forseeable future or cutting people.
Banana Republic of Obama? I’m going to print and cut out the picture of this “new money” and see what it buys me...Obama phones???? Obamacare???? This is getting better and better!
crisis by design
I think all companies will drop health insurance, not offer it anymore, and employees will have to get it from Hussein Obama.
Hmmm. My liberal translator is saying that “Obamacare will cost me $5,000 more per year per employee” really means “I hate having a black man in the White House”.
Jug ears MomJeans said it would save $2,500.
The debate is over. You can’t even beat the racism out of a white person. Born white, born racist. Automatic, irreversible (only whites have this gene). Read it on a liberal news site on the internet so it must be true.
This says it's an increase of $5,000 per employee. If you're gonna lie lie big.
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