Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/3/2014 (2 years 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 (2 years 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.

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for DECEMBER 2016
Universal:
End to Child-Soldiers: That the scandal of child-soldiers may be eliminated the world over.
Evangelization: Europe: That the peoples of Europe may rediscover the beauty, goodness, and truth of the Gospel which gives joy and hope to life.



Comments


More U.S.

Secret Service eyes Madonna after star threatens to blow up White House during Women's March on Washington Watch

Image of Madonna admits before a crowd of thousands that she has considered

By Kenya Sinclair (CALIFORNIA NETWORK)

Pop star Madonna was one of several celebrities attending the Women's March on Washington Saturday, January 21, just one day after Donald Trump was sworn into the Presidency. LOS ANGELES, CA (Catholic Online) - Like many celebrities, Madonna spoke candidly without fear ... continue reading


Beheading videos and the ISIS flag - Masked man intimidates Trump supporters in Washington Watch

Image of Masked man revealed an ISIS flag and beheading video on his phone (InfoWars).

By Kenya Sinclair (CALIFORNIA NETWORK)

A group of President Donald Trump supporters were enjoying themselves in a sports bar in northwest Washington when a masked man approached the large glass window. LOS ANGELES, CA (Catholic Online) - Outside the Proper 21 sports bar, the masked protester pulled a phone ... continue reading


'I could have been arrested...' - Nebraska law forcing nuns to remove habits in schools sparks controversy Watch

Image of Nuns are not allowed to wear habits in Nebraska schools.

By (CNA/EWTN News)

Sister Madeleine Miller's efforts to substitute teach in a Nebraska public school ran afoul of a century-old law that left her bewildered - and prompted the state legislature to take another look at the law's dark past. Lincoln, NE (CNA/EWTN News) - "I was just ... continue reading


Meth cook and devil worshiper attacks mother then leaves her for dead with demon king's name written on her chest Watch

Image of Chase Wall attacked his mother and left her for dead with a demon king's name scrawled across her chest.

By Kenya Sinclair (CALIFORNIA NETWORK)

Chase Wall, a 33-year-old occult-obsessed meth addict, was arrested after beating his mother, stealing her car and leaving her for dead with a demon's name inscribed on her bloody chest. LOS ANGELES, CA (Catholic Online) - Wall's 66-year-old mother was discovered in a ... continue reading


Amazing discovery in Canada reveals one man's controversial claim was TRUE Watch

Image of Evidence of stone tools used on a horse's jaw means humans arrived in North America thousands of years earlier than previously believed.

By Kenya Sinclair (CALIFORNIA NETWORK)

Researchers at the Université of Montréal (UdeM) in Canada made an important discovery this year, changing a key element of North American history. LOS ANGELES, CA (Catholic Online) - New research suggests humans first traveled to North America 24,000 ... continue reading


When one Bible isn't enough, use two! Trump to take oath with TWO Holy Bibles Watch

Image of Donald Trump will be sworn into office using two Bibles.

By Kenya Sinclair (CALIFORNIA NETWORK)

Donald Trump will be sworn into office on January 19. At that time, he will have not one but two Bibles - one of which will be pulled from the Library of Congress collection to commemorate the special event. LOS ANGELES, CA (Catholic Online) - Donald Trump will be ... continue reading


Honoring Dr. Martin Luther King Jr, Pro-Life Christian Leader and Hero Watch

Image of Dr. Martin Luther King Jr., Christian Leader

By Deacon Keith Fournier

On January 27, 2017, the annual March for Life will take place once again in Washington, DC. On January 16th we commemorate a great Christian and Human Rights Leader, Dr. Martin Luther King, Jr. He was assassinated in 1968 for defending the fundamental truth of ... continue reading


Pope Francis cited in one bishop's call for change - Will it help? Watch

Image of Pope Francis has been calling for help on behalf of immigrants for years.

By Kevin Jones (CNA/EWTN News)

The upcoming inauguration of President-elect Donald Trump has raised questions about the future of immigration reform, but the nation's Catholic bishops remain hopeful. Washington D.C. (CNA/EWTN News) - "We also find it important that we engage the present incoming ... continue reading


'The Greatest Show on Earth' to pack up for the last time after 146 years Watch

Image of The Ringling Bros. and Barnum & Baily Circus will close after 146 years (Todd Hesler).

By Nikki Crawford (CALIFORNIA NETWORK)

The Ringling Bros. and Barnum & Baily Circus announced they would be closing up shop for the final time this May after 146 years of bringing magic to families across the country. LOS ANGELES, CA (Catholic Online) - Everyone knows the Ringling Bros. and Barnum & ... continue reading


Christianity on the decline under Obama, pop media, and atheist persecution Watch

Image of A church is burned in full-scale effigy at the Burning Man festival, an expression of pop culture.

By David Drudge (CALIFORNIA NETWORK)

Atheism and agnosticism gained a boost during Obama's presidency as the number of people claiming no religious affiliation rose during his administration. LOS ANGELES, CA (California Network) - The Pew Research Center has released a report which states, "When it comes ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Hebrews 9:15, 24-28
15 This makes him the mediator of a new covenant, so that, now that a ... Read More

Psalm, Psalms 98:1, 2-3, 3-4, 5-6
1 [Psalm] Sing a new song to Yahweh, for he has performed wonders, his ... Read More

Gospel, Mark 3:22-30
22 The scribes who had come down from Jerusalem were saying, 'Beelzebul ... Read More

Saint of the Day

Saint of the Day for January 23rd, 2017 Image

St. Ildephonsus
January 23: St. Ildephonsus is highly regarded in Spain and ... Read More