More than half of employers have not calculated the costs of the Patient Protection and Affordable Care Act, but of those that have, 61% say PPACA has increased their expenses. According to a survey of 1,200 employers by Willis Human Capital Practice, a majority (60%) of employers would like to avoid increases in spending on their group plans. However, only 20% of respondents plan to adjust benefits outside of health care — including retirement, dental, vision, salaries and vacation.
“Employers continue to recognize the value of providing medical benefits, how important those benefits are to their employees and that providing benefits allows them to attract and retain the employees they need,” says Jay Kirschbaum, practice leader at Willis.
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