Small and mid-sized employers will be hit hardest financially when complying with provisions in the Patient Protection and Affordable Care Act. But larger employers, says a new report, won't be as affected as some have predicted.
In general—despite employer fears—the provisions of health reform haven't yet made a strong financial impact on most businesses, says the 2012 employer survey conducted by the Midwest Business Group on Health and co-sponsored by the National Business Coalition on Health, Business Insurance and Workforce Management.
Large employers say the cost impact of the PPACA in 2011—including extending coverage to adult children up to age 26—was less than 2 percent, the survey finds. But the cost impact is higher for small and mid-sized employers, who say their increases were up to 5 percent.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
