A full third of the businesses can’t even estimate Obamacare’s impact yet
‘Pizza Tax’ Only a Hint of Obamacare’s Costs
 | By Heritage Foundation Amy Payne (Bio and Archives) Friday, August 10, 2012 | Print friendly | Subscribe | Email Us |
Papa John’s Pizza founder John Schnatter spurred new outrage over Obamacare when he said recently that the law will hike pizza prices. But his business isn’t the only one that will have to pass its new costs on to consumers—or cut back, which will mean even fewer jobs.
At least 60 percent of firms are estimating Obamacare will raise their health care costs, according to a new study released Wednesday by Mercer, a human resources consulting firm. One-third of those expect a cost increase of 5 percent or more. The study reports:
The employers that will be hit hardest are those with large part-time populations—employers in retail and hospitality services. Nearly half of these employers (46%) expect PPACA will push up cost by at least 3% in 2014—and another third don’t yet know what the impact will be.
The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, has a staff of 244 and an expense budget of $61 million.
Our Mission
To formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
.(JavaScript must be enabled to view this email address)
