Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/3/2014 (1 year ago)

Catholic Online (www.catholic.org)

Larger firms say health care reform will cost hundreds of millions to their overhead

Big business says that they will definitely be on the losing end when it comes to implementing health care reform. The American Health Policy Institute, in a confidential survey of 100 large employers. Businesses with 10,000 or more employees were asked what costs they expect to incur from Obamacare over the next decade.

Health care costs have already been increasing for large businesses. Numerous studies suggest that Obamacare is adding to employers' burdens.

Health care costs have already been increasing for large businesses. Numerous studies suggest that Obamacare is adding to employers' burdens.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

4/3/2014 (1 year ago)

Published in U.S.

Keywords: Business, Obamacare, cost


LOS ANGELES, CA (Catholic Online) - 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, many expect a 4.3 percent increase. Employers will be paying 8.4 percent in 2023 which is more than "what they would otherwise be spending" for their employees' health care.

The total cost of Obamacare in the coming 10 years to all large American employers is estimated to be from $151 billion to $186 billion, according to the study.

Come light a candle for those who perished in the Fort Hood tragedy --

"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 some argue that "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. Numerous studies suggest that Obamacare is adding to employers' burdens.

A report by the Urban Institute found that Obamacare increased large employer health costs by $11.8 billion in 2012, and the Joint Committee on Taxation estimated that the excise tax on high-cost plans would cost $32 billion from 2018 to 2019.

"Specifically, the study looked at direct costs to companies from the ACA's requirements, over and above projected employer health care cost trends without the ACA," the study said.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More U.S.

Personal assistant to Mississippi Senator arrested for trafficking meth and date rape drugs Watch

Image of Assistant Fred Pagan was paid $160,000 in his Senate role last year, according to newspaper reports. The 49-year-old Pagan has worked for Cochran since he was 16 years old.

By Catholic Online (NEWS CONSORTIUM)

A Mississippi Senator's personal assistant has been charged with trafficking drugs from China to use as payment for sexual favors. An investigation was launched after police seized a package on April 9 with over a kilo of the date rape drug GBL addressed to ... continue reading


Oregon bakers who refused to make lesbian wedding cake get $100K from online fundraiser Watch

Image of Melissa Klein and her husband Aaron disapprove of gay marriage for religious reasons. They refused to  make the cake for a commitment ceremony in June of 2013.

By Catholic Online (NEWS CONSORTIUM)

The bakery Sweet Cakes by Melissa, in the Portland suburb of Gresham, made international headlines when they refused to make a wedding cake for a lesbian couple two years ago. The bakery was fined $135,000 -- $100,000 was raised on an online fundraising page ... continue reading


The Obama Administration to bring waves of immigrants to refugee settlements in the United States Watch

Image of You could look for clues if you're community is selected for immigration settlements, says WND.

By Talia Ramos (NEWS CONSORTIUM)

The Obama administration is no less than discreet. From the "Strengthening Communities by Welcoming All Residents: A Federal Strategic Action Plan on Immigrant and Refugee Immigration" report from the White House Task Force on New Americans, certain clues and signs ... continue reading


Infant Exposure: Newborn Baby Rescued from a Dumpster Reunited with Hero Who Saved Him

Image of Officer Michael Buelna reunited with the baby he had saved from the trash, twenty five year old Robin Barton.

By Deacon Keith Fournier

Michael Buelna is a Police Officer in Santa Ana, California. In 1989 he heard a sound coming from a trash bin. When he looked closely, he discovered a newborn baby boy with his umbilical cord still attached. The child was only four hours old. He weighed four ... continue reading


Lifting the Christian flag on Georgian government grounds raises concerns Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

After seeking legal recommendations, Cochran, Georgia was advised not to raise the traditional Christian flag outside City Hall. However, the city council decided to determine this through votes that eventually turned in favor of lifting the flag. The flag raising is ... continue reading


California's extreme drought causes rodents to raid homes Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Rodents are being forced to forage into houses and residences for water to survive during the high temperature in California causing an extreme drought. The rats are going through various lengths and pushing themselves into small holes just to get some food and water. ... continue reading


It just might be the largest eruption ever! Fire in the belly - much more magma underneath Yellowstone volcano than thought Watch

Image of The recently discovered magma reservoir alone has a volume 2.5 times that of the Grand Canyon. However, these new expanses do not mean that the two hellish hollows could overflow the Grand Canyon with molten rock.

By Catholic Online (NEWS CONSORTIUM)

A research group, using seismic technology to scan Yellowstone National Park's depths has made a literally earth-shaking discovery. Yellowstone's magma reserves are many magnitudes greater than previously thought, making the notion of an eruption far more ... continue reading


Islamic State's seduction, recruitment of Americans under scrutiny Watch

Image of At least 25 Probable American recruits have been detained since January.

By Catholic Online (NEWS CONSORTIUM)

U.S. prosecutions of would-be recruits to Islamic State has grown exponentially. ISIS has used both brutality and perceptive propaganda to attract members worldwide, in ways that are far more sophisticated than al-Qaeda and other jihadist adherents. LOS ... continue reading


'Man of peace, tenacity and courage,' Cardinal Francis George dies aged 78 Watch

Image of Polio during childhood had left the prelate with a weakened leg and a pronounced limp throughout his life. With his death, the College of Cardinals has 223 members, of whom 121 are under 80 and thus eligible to vote for a pope.

By Catholic Online (NEWS CONSORTIUM)

Retired Archbishop of Chicago, Cardinal Francis George has died after a decade of battling cancer at the age of 78. The first native Chicagoan to head the archdiocese, he is being remembered as "a man of peace, tenacity and courage" by his successor Archbishop ... continue reading


Genetic rescuing considered for shrinking wolf population on remote Michigan island Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

There are only three wolves left on Isle Royale, a small island in Michigan Lake's Superior, according to biologists. Researchers said that they do not know what to do or what should be done in order to save the wolves from dying and disrupting the ecology. MUNTINLUPA, ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Acts 11:1-18
1 The apostles and the brothers in Judaea heard that ... Read More

Psalm, Psalms 42:2-3; 43:3, 4
2 I thirst for God, the living God; when shall I go ... Read More

Gospel, John 10:1-10
1 'In all truth I tell you, anyone who does not enter ... Read More

Saint of the Day

Saint of the Day for April 27th, 2015 Image

St. Zita
April 27: St. Zita was born into a poor but holy Christian family. Her ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter