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Employers Grapple With Cost of ObamaCare
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<blockquote data-quote="cheryl" data-source="post: 1215714" data-attributes="member: 1"><p><strong><a href="http://www.foxbusiness.com/industries/2013/10/28/employers-grapple-with-cost-obamacare/" target="_blank">Employers Grapple With Cost of ObamaCare - Fox Business</a></strong></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 1215714, member: 1"] [B][URL="http://www.foxbusiness.com/industries/2013/10/28/employers-grapple-with-cost-obamacare/"]Employers Grapple With Cost of ObamaCare - Fox Business[/URL][/B] 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.” [/QUOTE]
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