[Ed. – They apparently weren’t listening when his nibs declared the ACA an unqualified success.]
Obamacare will cost large companies between $4,800 and $5,900 more per employee and add hundreds of millions to their overhead, according to a new survey.
The American Health Policy Institute conducted a confidential survey of 100 large employers—those with 10,000 or more employees—asking what costs they expect to incur from Obamacare over the next decade.
Factoring in the health care law’s added mandates, fees, and regulatory burdens, employers anticipate cost hikes between $163 million and $200 million in 2016, a 4.3 percent increase. By 2023, employers will be paying 8.4 percent more than “what they would otherwise be spending” for their employees’ health care.
In the next 10 years, the total cost of Obamacare to all large American employers is estimated to be from $151 billion to $186 billion, according to the study.