Much of the world — at least that part that intersects with the Patient Protection and Affordable Care Act — is holding its breath as the U.S. Supreme Court mulls a decision in King v. Burwell. But businesses that deploy the services of staffing agencies had best be coming up with a way to deal with potential spikes in cost today to ensure a more orderly tomorrow, should the court once again rule in favor of the law.
Market researchers with IBISWorld says they’ve looked into the costs faced by staffing companies should the law remain unchanged, and found that these agencies may be preparing to boost their fees to clients in order to offset costs incurred by compliance, or lack of it, with PPACA.
That's because companies of a certain size will have to either start offering “affordable” health coverage to “fulltime” employees, or pay a penalty of $2,000 per employee. And that cost will surely be passed along to the client, IBISWorld predicts.
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