News Headlines Article

Drop Coverage? Cut Hours? Big Firms Grapple With Obamacare

For large retail and restaurant chains, the big unknown in the year ahead is how much more they’ll pay for health coverage. Employers with 50 or more workers who put in 30 hours a week will be required to provide health care coverage or pay a fine, under the Affordable Care Act, also called the ACA or Obamacare. That lower full-time threshold is one of the big issues business groups are trying to negotiate with the Obama administration as the rules are being finalized.