Stunner: CFOs Blame ObamaCare as They Pass Along Increased Healthcare Costs to Employees

Posted by on Jan 08, 2014 at 6:25 pm

Gee, who could have seen this coming?

A growing number of corporations are blaming ObamaCare as they pass further healthcare costs on to workers, according to a new survey of financial executives.

Consulting firm Deloitte reported that 42 percent of chief financial officers who have shifted additional healthcare costs to workers cited the Affordable Care Act as their impetus.

The number blaming the healthcare law rose to 63 percent for CFOs planning to shift costs in the next year.

Coupled with millions of others sure to lose their plans entirely later this year. Of course “greedy” corporate honchos will be blamed for Obama’s mess.

The statistics suggest that ObamaCare is aggravating the trend of employers charging staff higher healthcare costs in order to contain spending, and came as most CFOs expressed rising optimism about their companies’ prospects.

High-deductible plans are increasingly common for people receiving health insurance through their jobs, and experts predict they might account for half of all work-based health policies within a decade, up from about 10 percent in 2006.

Nearly two-thirds of CFOs have taken steps to control healthcare costs, primarily charging higher premiums or deductibles, according to Deloitte. Comparatively few have reduced the scope or value of benefits in order to reduce spending.

The survey highlights an unintended consequence of the Affordable Care Act, as employers cite the law in shifting further costs to workers.

Unintended? Really? Is that the new unexpected?

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2 Responses to “Stunner: CFOs Blame ObamaCare as They Pass Along Increased Healthcare Costs to Employees”

  1. JoyO on 8/08/14 at 9:35 pm

    I expect businesses will try to pass the increased costs of their employer-sponsored healthcare plans due to Obamacare and the costs of the 20+ taxes in Obamacare on to the middle class.

    The CFOs should be worried about the economic impact these new costs due to Obamacare will have on the purchasing power of the middle class — especially since the middle class will be paying the Obamacare bill for the entire nation as well as for their own family’s healthcare insurance and deductibles.

  2. jukin on 9/09/14 at 1:12 pm

    These were entirely INTENDED consequences or the democrat party and Obama would not have named it “affordable.” Leftist since the dawning of the 20th century always use reverse naming. The question is whether leftists do this just to lie or if they think it is funny?