"Drawing on internal cost data shared with AHPI by over 100 large employers (10,000 or more employees each) doing business in the United States, the study offers the first-ever look at how these organizations believe the Affordable Care Act (ACA) has impacted the current and future cost of providing health care to their employees," a summary of the study released by the American Health Policy Institute reads.
· The ACA will cost large U.S. employers between $4,800 to $5,900 per employee.
· Large employers expect overall ACA-related cost increases of between $163 million and $200 million per employer, or an increase of 4.3 percent in 2016 and 8.4 percent in 2023 over and above what they would otherwise be spending.
· Based on these data, the total cost of the ACA to all large U.S. employers will be from $151 billion to $186 billion, or 5.9 percent more than what they would otherwise be spending.
"Large employers are responsible for a total of 137.7 million American jobs, and maintaining a healthy workforce continues to be a top priority for them. However, as the study notes, there has until now been very little, if any, accurate information about how the Affordable Care Act is actually impacting employer costs, and without that it is difficult to know how employers will likely respond to the new system going forward," reads the summary.
Northern New England is in its glory; now and for the next week or so. The leaves are nearing peak color and until yesterday, there has been a big high pressure zone parked over the area so the weather has been what would once have been described as "heavenly." It has been raining now but in a few days, the sun will shine again and the leaves will still be there, in full. And for that, Washington can take no credit.
The antitrust lawyers I have served as a consultant often have the same complaint: Their clients don’t know when to shut up. This was certainly true of the executives of US Airways and American Airlines as they touted the virtues of their proposed $11 billion merger. US Airways president Scott Kirby reportedly said consolidation allows airlines to raise fees and charge for baggage, and the company’s CEO, Doug Parker spoke of the virtues of “rationalization,” which antitrust enforcers have always taken to mean higher prices and consumer harm. Now that the Justice Department has decided to sue to stop the merger, the airlines’ lawyers say these comments are taken out of context.
Local Ci Ci's pizza franchise owner Bob Westbrook had to sell off part of his business due to Obamacare:
"Bob Westbrook, franchise owner, tells us: The Affordable Health Care Act is the reason why he sold some of his stores, because it would cost him 30-thousand dollars more out of his payroll," an East Texas affiliate reports.
With another of those airline mergers in the works, there is a possibility that flights from Washington's Reagan National Airport to some smaller cities out in the interior may be cancelled to the inconvenience of members of Congress who need to get home regularly and hang with their constituents. There are other airports in the vicinity of Washington but Reagan is easily the most convenient.
Last week, it was announced that Ray's Hell Burger just outside Washington, D.C. would be closing its doors. A fan of the burger joint was President Obama, who had visited the location with his Russian counterpart.
Well, it's happened again. In August, Obama visited Star Brewery in Dubuque. And now a local publication reports that the business is closing its doors.
Tomorrow at the White House, President Barack Obama will bring in "progressive and labor leaders" for an immigration discussion. He'll also be meeting with "business leaders" to discuss the same topic.
John Kerry, who will be nominated later today to be the next secretary of state, is the richest member of the U.S. Senate. His estimated net worth is, at minimum, $198.65 million, according to disclosure forms.
Kerry's disclosure forms also reveal that he has invested in companies accused of doing business with Iran.