You're watching...
FBN’s Gerri Willis on the potential impact on employers and their employees of the health-care law.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Then.
If you haven't already heard from your employer about open enrollment well brace yourself.
Premiums are high and rising according to a survey from the national business group on health employers expect their health insurance costs to increased 7%.
And 60% of those employers well more than half plan to ask workers to pay higher monthly premiums case in point.
Wal-Mart stores the Bentonville Arkansas based retailer and the nation's largest employer we'll -- employees to pay premiums that are.
8% to 36%.
Higher next year.
The company said if you average -- more than one million employees who are covered workers' contributions will rise just 4%.
But according to an ion Hewitt survey nationally premiums will rise 9% on average sell the Wal-Mart workers -- -- not -- easy.
Now Wal-Mart says for its part it's trying to cope with the rising medical costs which make up a huge chunk of the retailer's costs.
The company has done so far is announcing the opening of six health centers.
Where it will offer free heart and spine surgery to most employees and -- -- Even so many employees are expected to drop coverage because of the higher costs.
Wal mart's most popular associate only medical plan will cost seventeen dollars and forty cents for two week pay period 2013 that's up two dollars from 2012.
Average -- crossed across the country and across all businesses is 79 dollars per month for single coverage so that's pretty much a deal.
Wal mart's moves are seen as a blueprint for other employers who are trying to manage their costs -- also prepared to meet the requirements of obamacare remember.
Health Care Reform was supposed to keep cost lower quality of care the same or better.
If you like your health care plan.
You'll be able to keep your health care plan.
-- here.
But increasingly it's clear the industry is changing dramatically even before all parts of the -- go into effect.
What's more the antenna consequences aren't good obamacare was supposed to ensure everybody got covered while keeping costs low but it she socked.
Already Wal-Mart employees are single drop out of company plants meaning more people will burden emergency rooms.
And as I said costs are not declining -- right thing.
You have to admire Wal-Mart for being so creative and so even handed the brass in Bentonville or offered the same health plan is warehouse workers in Cincinnati.
But the story exposes Obama care for what it is.
A plan without a vision for doing what's needed obamacare may -- the law of the land but it should be overturned.
