As employers start to conduct cost-benefit analysis on providing health insurance under the health law, they should also study some proposals by the National Commission on Fiscal Responsibility and Reform.
“The current national debt is sitting at $14.2 trillion. To put things in perspective, prior to the start of the 2008 recession, it was at $11 trillion, so we have added $3 trillion in just 24 months,” said Michael P. Aitkin, director of governmental affairs at the Society for Human Resource Management, during the organization’s employment law and legislative conference in March. According to the Congressional Budget Office, the federal deficit for fiscal year 2011 and 2012 will average about $600 billion a year, he added.
