Thursday, August 19, 2010

Health Care Bill HR3590 - #2055 - Large Companies Will Get Hit With 9% Increase in Health Care Costs Under Obama Care - Hot Air

Douglas Holtz-Eakin discusses a new survey on the impact of ObamaCare on large companies in this clip from Fox News. This survey of employers with five thousand employees shows that executives are planning for a sharp increase in health-care costs, mainly from new mandates in ObamaCare and the lack of control over the actual costs in providing health care. Those costs will get passed to employees in part, but it’s also likely to reduce their impulse to expand jobs in the next couple of years. The former CBO director also predicts that companies will look at shedding their retiree coverage programs, as predicted during the ObamaCare debate — and will end up pushing more people onto Medicare and Medicaid:  Read more.......

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