Thursday, March 25, 2010

Another question about Healthcare: What will companies do to survive?

Obama Tax’s $14 Billion Charge Starts at Caterpillar (Update1) -
If enough companies drop the benefit, it may jeopardize the $4.5 billion in revenue that the tax was projected to generate and shove 1.5 million to 2 million retirees off of employer-sponsored plans to Medicare, raising government costs, said the American Benefit Council’s Klein.

Companies that plan to continue the benefit will have to
report the tax liability as a non-cash charge in the first
quarter, when the law was signed, said Sperling, of Hewitt
Associates. Approximately one-third of large U.S. companies now
offer the benefits to retirees, he said.

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