Employers Say Obamacare Will Cost Them $5,000 More Per Employee
Businesses reveal in confidential survey that Obamacare will add up to $200 million in costs
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 employersthose with 10,000 or more employeesasking what costs they expect to incur from Obamacare over the next decade.
Factoring in the health care laws 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 dont 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......
Employers Say Obamacare Will Cost Them $5,000 More Per Employee | Washington Free Beacon