AOL CEO: 'Obamacare Is an Additional $7.1 Million Expense For Us'
8:39 AM, Feb 6, 2014 • By DANIEL HALPER
The CEO of AOL, Tim Armstrong, said on CNBC this morning that "Obamacare is an additional $7.1 million expense for us as a company."
"We have to look at our benefits programs very seriously," said Armstrong. "In the CEO chair, let me give you an example of the decisions we have to make as a company: Obamacare is an additional $7.1 million expense for us as a company. So we have to decide whether or not to pass that expense to employees or whether to cut other benefits."
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