Urban Institute: Obamacare Increases Costs for Mid-Size Businesses

Tuesday, 09 Oct 2012 02:17 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Medium-size businesses — those with 101 to 1,000 employees — will see cost increases under the healthcare reform law, to the tune of 4.6 percent per worker, according to a new study from the left-leaning Urban Institute.

The increases reflect expanded coverage for employees that will affect 9.5 percent of these companies. Another 5 percent will be penalized for failing to provide health insurance coverage for their employees, according to the report.

To be sure, these estimates don’t account for Obamacare’s cost containment provisions related to Medicare that may help slow healthcare costs. And the study says that costs won’t rise for large businesses or small businesses.

That may be news to Darden Restaurants, owner of Olive Garden and Red Lobster, which is switching more workers to part-time thanks to the costs of Obamacare.



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

What? Hello Kitty Not a Cat, Has Never Been Says Company

Thursday, 28 Aug 2014 06:36 AM

Hello Kitty is not a cat, the company behind Japan's global icon of cute insisted Thursday, despite an uproar from Inter . . .

Imam to Hannity: Sharia Law Is 'Coming to a Place Near You'

Wednesday, 27 Aug 2014 23:11 PM

Controversial London Imam Anjem Choudary had a heated argument with Fox News Channel's Sean Hannity on the latter's show . . .

Missouri Governor Names New Public Safety Director

Wednesday, 27 Aug 2014 22:35 PM

Missouri Gov. Jay Nixon on Wednesday appointed a new state public safety director, giving his administration its only bl . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved