11/24/2010

Will ObamaCare Collapse?

ObamaCare “will encourage more employers to drop employer provided care
Tait Trussell on Nov 24th, 2010

Large employers who spend $80 billion a year to insure millions of employees and their families say ObamaCare is headed for “collapse.” Human resource executives see the law as pushing employers to drop health coverage. A 28-page analysis by the Association of Chief Human Resource Officers (ACHRO) finds a majority believe the law must be repealed or overhauled.

ObamaCare requires employers to offer health insurance to their employees. If they don’t, they would have to pay a penalty beginning in 2014. But when McDonald’s and some other employers warned it would be too expensive to ensure their large ranks of employees, the Secretary of Health and Human Services (HHS) issued waivers, taking dozens of companies off the hook, The New York Times and other publications reported. Preferential treatment for some companies is sure to cause resentment.

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