Health Care Costs Top U.S. Executives' Concerns
October 26, 2012
Adecco, the world's largest staffing company, recently released a survey on top executives and their hiring concern with the new health care legislation. The poll included 501 CEOs, business owners and senior executives, says Reuters.
- About one-third are holding back hiring because of health care reforms and 55 percent say that health care benefits are their biggest current business challenge.
- Only 35 percent said that health care was their biggest worry back in 2007, before the recession.
- ObamaCare is expected to raise insurance costs for employers because of a wider coverage of people, including people with pre-existing medical conditions.
U.S. hiring could pick up after the election, regardless of who wins, because employers will have one less area of uncertainty to keep them on the sidelines.
Source: Nick Zieminski, "Health Care Costs Top U.S. Executives' Concerns: Adecco Survey," Reuters, October 22, 2012.
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