Thursday, June 3, 2010

More on the expenses of health care reform

Wall Street Journal:
Then there are employers and their workers. According to a survey by Towers Watson, a human resources consulting firm, 88% of companies plan to pass on increased health-care benefit costs to employees, 74% plan to reduce benefits, and up to 12% will drop all coverage for employees. Retirees won't fare well either: 43% of employers that now provide retiree medical benefits are likely to reduce or eliminate them thanks to the new health legislation.

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