Survey: Employers Fear Growing Obamacare Costs, Increasingly Shifting Hikes To Workers

The Daily Caller reports:

Most employers expect Obamacare to hike their health insurance costs and are responding by boosting their workers’ share of the cost, according to a Wednesday survey.

Eighty-eight percent of companies expect Obamacare itself to increase the cost over providing health care to employees, according to a study by the International Foundation of Employee Benefit Plans which questioned close to 700 human resources and health benefits professionals.

So far, 54 percent of businesses think Obamacare’s effect on their company has been either somewhat or very negative; 66 percent expect Obamacare to effect them negatively in the future.

And while fewer companies took action to contain growing health care costs in 2013, before Obamacare regulations fully kicked in, those numbers have doubled in some categories for 2014. An increasing proportion of companies are shifting a larger proportion of their growing health care costs to their employees instead — in almost every way possible.

The demand for labor is a downward sloping curve.