Businesses Already Boosting Employee Premiums, Co-Pays for Obamacare

Photo Credit: Washington Examiner Already hit with cost increases to cover minor Obamacare demands, businesses are boosting employee payments through higher insurance premiums and doctor visit co-pays in advance of the bulk of the health reform law’s rules taking effect Jan. 1.

A sweeping survey of several hundred U.S. businesses by the International Foundation of Employee Benefit Plans found that their costs have already jumped because of a rule requiring them to cover employees’ children up to age 26.

To prepare for the full impact of Obamacare, said the foundation, employers are implementing “diverse cost-management initiatives.” Some 43 percent are boosting premiums, 34 percent are increasing employee dependent coverage costs, and 31 percent are raising co-pays or “out-of-pocket limits.”

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