The Society of Human Resource Management just released a survey conducted in May of 818 organizations.
Here is how employers are responding to PPACA:
- A large majority of those surveyed 84% expect their health care coverage costs to increase in 2014.
- (26 percent) expected an increase of 16% or more.
- Most responding organizations 83% are likely or highly likely to pass on higher costs to their employees.
- Self-insurance. Just over half of organizations, 48% are self-funded and will therefore save money on various PPACA premium taxes.
- 9% will exclude or add surcharges to spousal coverage.
- 26% think they will be able to keep Grandfathered Status.
- 24% of respondents admitted to terminating employees or reducing their hours in order to deal with the 30-hour mandate. This is a tougher thing, politically, for many to admit to in a workplace survey. Can you imagine how night that number really is if 24% would admit to it?
