Employers Grapple With Cost of ObamaCare

Discussion in 'The Latest UPS Headlines' started by cheryl, Oct 29, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    Employers Grapple With Cost of ObamaCare - Fox Business

    Employers like UPS (NYSE: UPS), grappling with ObamaCare’s implementation and its myriad requirements, are voicing concerns over the cost of complying with the new healthcare law.

    Atlanta-based UPS, which moved to cut expenses by dropping coverage for spouses of non-union employees, indicated that the costs of transitioning to ObamaCare-compliant insurance will total $100 million in expenses next year.

    On a conference call with analysts on Friday, chief financial officer Kurt Kuehn said meeting ObamaCare requirements is “an important issue, and certainly we’re eager to find solutions to it.”