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?