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Health Care Law Creates Financial Incentives for Employers to Drop Health Coverage
U.S. House of Representatives, Committee on Ways and Means May 2, 2012
"More than 70 percent of America's Fortune 100 companies detailed their health care costs for the Committee, providing the ability to analyze how those self-reported costs would compare to ending employer-sponsored insurance and paying the employer mandate penalty. Based on an aggregation of the data received, if the 71 Fortune 100 companies that replied to the survey ceased to offer health care coverage and paid the employer mandate penalty, they could save a total of: $28.6 billion in 2014 (an average savings of over $400 million per company) and $422.4 billion from 2014-2023 (an average savings of nearly $6 billion per company)."
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