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How Large Employers Plan to Respond to ObamaCare
* “The overwhelming majority (90%) of employers believe health care reform will increase their organization’s health care benefit costs;”
* Nearly nine in ten firms (88%) plan to pass increased costs from the law on to their employees through higher premiums;
* Nearly three in four firms (74%) plan to pass the law’s higher costs on to their employees by changing plan options, restricting eligibility, or increasing deductibles or co-pays;
* More than one in ten firms plan to pass on the law’s higher costs by reducing employment (12%) or reducing employer contributions to retirement plans like 401(k)s (11%);
* Of those firms offering coverage, 43% are “likely to eliminate or reduce retiree medical programs” as a result of the law’s enactment.