With Obamacare (the Affordable Health Care Act) set to begin on October 1, many companies are changing their employee health care. For some, it’s a change in what benefits employees will receive; for others, employees will be losing health care all together and told to sign up under Obamacare.
The Wall Street Journal did a “round-up” of companies who’ve announced changes. Walgreens is the largest employer yet to disclose employee health care changes.
[T]he drugstore giant disclosed a plan to provide payments to eligible employees for the subsidized purchase of insurance starting in 2014. The plan will affect roughly 160,000 employees, and will require them to shop for coverage on a private health-insurance marketplace. Aside from rising health-care costs, the company cited compliance-related expenses associated with the new law as a reason for the switch.