Employee Benefits Fall As Firms Brace For ObamaCare

Posted by on May 01, 2013 at 11:20 am

The 2010 health law is expected to have its biggest impact on modest-wage service-sector industries, where coverage that meets ObamaCare requirements is less common. Not surprisingly, the abrupt change toward stingier employee benefits was even more evident here.

Total benefits in service occupations shrank 0.3% in Q1, the first decline in data going back to 2002.

Given that service-sector benefit costs rose throughout the past decade, even in much-weaker economic conditions than now, the evidence points to ObamaCare as the culprit.

Total benefits provided by private-sector employers also shrank 0.3%, though the government noted missing data for white-collar office and sales jobs, which made the reading less reliable.

Full story.

One Response to “Employee Benefits Fall As Firms Brace For ObamaCare”

  1. MT Geoff on 1/01/13 at 2:53 pm

    So now the media winds up reporting that all the concerns of DemBamaCare opponents were valid, although that’s not how they are phrasing it.