Survey Says: 44% of U.S. firms consider cutting health care to current workers
posted on Feb, 5 2014 @ 02:11 PM
Duke University conducted a survey in December that shows more possible negative impacts due to ACA Obama.Care.
It seems many CEOs are saying companies will in fact be reducing hours to part time as well as reducing full time job hiring all to avoid the costs of paying for employee insurance policies.
I think everything depends heavily on each private company and how they view profits and losses and whether or not employee insurance cost is damaging to their own survival. Not all businesses are the same and many probably really don’t have the profit margins to support added “all-of-a-sudden windfall” expenses.
It looks like it’s not all the fault of businesses or even insurance companies. It’s the flaws of the laws that cause the impacts.
Insurance companies base their policy rates on what the medical industry agrees to accept as payment for services. Other businesses may not fit into that class and may even be a square peg in a round hole.
With businesses not being financially identical, how can politicians expect a “universal” insurance mandate plan to work?
Duke University: 44% of U.S. firms consider cutting health care to current workers
Adding to a devastating CBO report of how Obamacare could damage the economy, a Duke University survey of top companies found that 44 percent are considering reducing health benefits to current employees due to Obamacare, confirming the fears of millions of American workers.
In its December survey of chief financial officers around the country, Duke also found that nearly half are “reluctant to hire full-time employers because of the Affordable Care Act.”
And 40 percent are considering shifting to part-time workers and others will hire fewer workers of fire some to avoid the costs of the program.http://therealconservative.net/2014/02/06/politics/u-s-politics/survey-says-44-of-u-s-firms-consider-cutting-health-care-to-current-workers/