Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/3/2014 (3 months 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 (3 months 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'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2014
Sports:
That sports may always be occasions of human fraternity and growth.
Lay Missionaries: That the Holy Spirit may support the work of the laity who proclaim the Gospel in the poorest countries.



Comments


More U.S.

Deacon Keith Fournier: The Courage of the Catholic Bishops, Religious Liberty, Hobby Lobby and ENDA Watch

Image of Deacon Keith Fournier is Founder and Chairman of Common Good Foundation and Common Good Alliance. A married Roman Catholic Deacon of the Diocese of Richmond, Virginia, he and his wife Laurine have five grown children and six grandchildren, He serves as the Director of Adult Faith Formation at St. Stephen, Martyr Parish in Chesapeake, VA. He is also a human rights lawyer and public policy advocate. Deacon Fournier is a graduate of the Franciscan University of Steubenville (Theology and Philosophy, BA), the John Paul II Institute of the Lateran University (Theology of Marriage and Family, MTS), and the University of Pittsburgh School of Law (JD). He has completed requirements for the PhD in Moral Theology at the Catholic University of America and is writing the PhD dissertation on the teaching of St. John Paul II.

By Deacon Keith A Fournier

The Catholic Bishops are doing an excellent job standing up for Religious liberty as a fundamental human right. One of my growing concerns is that many Catholics do not even read what they are saying. Sadly, in a propagandized media where sound bites substitute ... continue reading


Thousands of Christians Flee Under Death Threat From Tyrannical Caliph and ISIS Jihadists Watch

Image of (Pictured: Abu Bakr Al-Baghdadi, or Caliph Ibrahim) At first, Christians were ordered to gather in a central place to receive the directive from the self appointed Caliph. Understandably, given the track record of this maniacal tyrant, few did. So, the text of the statement was issued as a formal declaration to all Christians - We offer them three choices: Islam; the dhimma contract - involving payment of Jizya; if they refuse this they will have nothing but the sword.

By Deacon Keith A Fournier

By now, everyone who is in anyway concerned about what is happening to Christians in Iraq has heard the horrific news. The madman who claims to be a descendant of Mohammed, Abu Bakr Al-Baghdadi - who in his delusion and grandiosity has taken to calling himself ... continue reading


Obama demands that illegals be allowed to enter U.S. Watch

Image of Tens of thousands of illegal, unaccompanied minors have flooded into the United States since 2014 began, often escaping violence in war torn Central American countries.

By Catholic Online (NEWS CONSORTIUM)

President Barack Obama's administration is considering whether or not it will allow hundreds of minors and young adults from Honduras and other war-torn Central American states to enter into the United States illegally and without crossing into the country ... continue reading


Are you ready for the next dust bowl? California is! Watch

Image of A new study suggests that the Colorado River Basin is rapidly running out of water, which may be disastrous for the seven states it supplies.

By Catholic Online (NEWS CONSORTIUM)

According to a report published by the American space agency and the University of California, the water crisis that is punishing the southwestern United States is likely to worsen. LOS ANGELES, CA (Catholic Online) - The report found that the prime source of water ... continue reading


PLAGUE OF BIBLICAL PROPORTIONS: Mayflies descend on Wisconsin Watch

Image of When summer arrives, Mayflies take flight and proceed to mate before immediately going back to the water to lay eggs and die.

By Catholic Online (NEWS CONSORTIUM)

It's a plague of Biblical proportions. Ugly mayflies have descended on the state of Wisconsin, covering up exterior services like so much black, metallic dust. Photos coming out of Wisconsin is sure to send viewers itching - so beware of some of the sights in ... continue reading


Catholic Bishops Decry Obama's LGBT executive order as imprudent act of religious discrimination Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

The chairmen of the United States Conference of Catholic Bishops' Ad Hoc Committee for Religious Liberty and Committee on Laity, Marriage, Family Life and Youth have been strong in their condemnation of President Obama's legislation on LGBT employees. "Today's ... continue reading


A Tribute to Protestant Bishop Tony Palmer, Friend of Francis and Champion of Christian Unity Watch

Image of The late Bishop Tony Palmer with Pope Francis- He was catapulted into prominence in the broader Christian community when, while meeting with his friend the Pope in January, he was given a recorded message from Francis to deliver to a large group of charismatic, evangelical protestant leaders who gathered in the United States. The video went viral. It moved millions to sincere prayer for the healing of the divisions in the broken Body of Christ and is prompting a renewed commitment to common apostolic action between Christians.

By Deacon Keith A Fournier

I never personally met Bishop Tony Palmer. However, I look forward to spending an eternity in the full communion of God's love with him. I appreciated his Christian courage and felt that his efforts were prophetic. He wrote his life - and lived his ministry - ... continue reading


Exclusive: Tribute to Bishop Tony Palmer, A Life Dedicated to Unity Watch

Image of (Pictured: Left to Right - Dirk West, Matteo Callisi, Bishop Tony Palmer, and Deacon Darrell Wentworth) - Faith to Bishop Tony Palmer was a dynamic, lived experience and, as a result, his life built up the whole Body of Christ and tore down the walls some have built to separate us from each other! What a legacy! A true example of living Jesus' prayer in John 17! (Deacon Darrell Wentworth)

By Deacon Darrell Wentworth

Monday, July 21, 2014, was supposed to be like most Mondays - the start of a work week. But Deacon Keith Fournier sent me a text informing me that my friend, Bishop Tony Palmer, had died. Shock went through my body as I processed that news; then disbelief as I ... continue reading


Anarchy in Chicago! Weekend of crime tears city apart Watch

Image of The weekend of July 18 saw the death of five people and the wounding of 47 in Chicago.

By Catholic Online (NEWS CONSORTIUM)

There were 47 shooting victims in Chicago this weekend, five of which ended up being fatal, statistics from the Chicago Police Department report. LOS ANGELES, CA (Catholic Online) - Chicago officials met on July 21 to discuss the city's recent surge in gun ... continue reading


The Contraceptive New York Nanny, Bill Donohue and the Catholic League Watch

Image of

By Deacon Keith A Fournier

The idea that the government is now in the business of arm-twisting women not to have more children - immediately after childbirth - is morally obnoxious and socially disturbing. It is so apt that this is happening in a city where its mayor lusts for abortion ... 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, Sirach 44:1, 10-15
1 Next let us praise illustrious men, our ancestors ... Read More

Psalm, Psalms 132:11, 13-14, 17-18
11 Yahweh has sworn to David, and will always remain ... Read More

Gospel, Matthew 13:16-17
16 'But blessed are your eyes because they see, your ... Read More

Saint of the Day

Saint of the Day for July 26th, 2014 Image

Sts. Joachim and Anne
July 26: By tradition Joachim and Anne are considered to be the names of ... 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