More than half of employers have not calculated their costs under the Patient Protection and Affordable Care Act, but of those that have, 61% say PPACA has increased their expenses. According to a survey of 1,200 employers by the Willis Human Capital Practice, a majority, or 60%, of employers would like to avoid increases in spending on their group plans.
Only 20% of respondents plan to adjust benefits outside of health care, such as retirement, dental, vision, salaries and vacation. Willis leaders believe employers may be using faulty “perceptions of cost” when making their calculations.
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