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Grace-Marie Turner of the Galen Institute on the impact of the president’s health-care law on employers.
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A new survey by the most so consulting firm says 61% of employer does it.
Expect that cost to increase health care coverage costs expected to increase because of Obama cat.
Grace Marie -- -- from the Galen institute is here in New York today.
61%.
Expect an increase in their health care costs because of Obama yeah that's not the way Obama camp was supposed we'll have.
They went up 7% this year and they expect -- to go up at least 7% next year its its costs are right that it can't help but one that.
-- didn't it take you through the mechanism -- is it about Obama can.
The will raise the cost to employers from providing health care coverage for their employees one -- Three specific things first of all the federal government is going to tell people.
Tell employers this is what has to be covered in order for you to be able to avoid the individual the employer mandate the penalties -- -- come with that.
They've already had their costs go up because of these preventive care.
Mandate to have to provide free access to a long list of preventive services will what does that do it.
That winds up increasing the cost of health insurance for employees reasonable one is the mandates won and the mandate and what have to be covered in the man what has become an okay number 31 else in Obama camp forces up costs for employers like they're also going to have to cover more people right now some employees simply.
Can't afford to provide their services or -- goods.
And provide health insurance for their employees.
Now they're going to be forced to do that that's basically an added employee cost.
And therefore they're gonna have to be providing health insurance when they weren't before.
Did you say that one so that the employee is might just drop coverage completely employers are seriously looking at that it wouldn't have to pay a fine.
The fire has a lot cheaper -- -- with the finest 2000 dollars per employee.
For providing health insurance and the health insurance costs six or 7000 dollars for that employee.
I define do the math 100 million Americans get something from the government not including Social Security not including many -- Obama camp puts how many more people.
And it into Medicaid and apple raising that hundred million -- Well -- -- about half of about half of the newly.
Thirty million or to have so that will be insured will be through Medicaid the program for low income Americans say fifteen million extra Medicaid -- -- don't know what the states are gonna do right but -- an additional new entitlement for people who.
Can get health insurance to these -- taxpayer subsidized exchanges.
Somebody making 35000 dollars a year of family.
Can now be entitled under Obama care to a subsidy for health insurance.
Up about fifteen or 161000 dollars a year -- it's just out MED 60000 yes so we're we're creating these new entitlements -- out of time America and grace -- that was -- you come back again plan will see where it -- you very much the big question.
