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Wednesday, April 22, 2015

Employers report limited premium increases in wake of ACA

Health care in the U.S. is a hot button issue but the early consensus is that the Affordable Care Act has been integrated well by employers.

“One of the big concerns [about the ACA] is this is going to drive up our premiums and the cost of healthcare,” says Christopher Ryan, vice president, Strategic Advisory Services at ADP.
But, he adds, this has not materialized as originally thought. “I give credit do business,” he adds, “I think business looked very carefully at their current practices and … has been well managed.”

A new study suggests that premiums for employees and headaches for employers have been minimal. The 2015 ADP Annual Health Benefits Report says that for companies with more than 1,000 employees, insurance premiums have risen 9.4% since 2011 – and only 2.6% from 2014 to 2015.

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