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.”
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.”