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When asked to estimate the cost impact of the key provisions that go into effect in 2014, a recent survey of 1,203 employers conducted by Mercer found that 60% expect some increase in cost; one-third of those expect an increase of 5% or more. The employers that will be hit hardest are those with large part-time populations – employers in retail and hospitality services. Nearly half of these employers (46%) expect PPACA will push up cost by at least 3% in 2014 – and another third do not yet know what the impact will be. Employers in the health care industry are also more likely to expect sharp cost increases (40% expect a cost impact of at least 3%). By contrast, just 31% of respondents in service industries expect that PPACA provisions will result in increases of this size.
When asked to estimate the cost impact of the key provisions that go into effect in 2014, a recent survey of 1,203 employers conducted by Mercer found that 60% expect some increase in cost; one-third of those expect an increase of 5% or more.
The employers that will be hit hardest are those with large part-time populations – employers in retail and hospitality services. Nearly half of these employers (46%) expect PPACA will push up cost by at least 3% in 2014 – and another third do not yet know what the impact will be.
Employers in the health care industry are also more likely to expect sharp cost increases (40% expect a cost impact of at least 3%). By contrast, just 31% of respondents in service industries expect that PPACA provisions will result in increases of this size.