Employers Grapple With Cost of ObamaCare

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.”
 
Top