News Headlines Article

Employers look to escape healthcare mandate
Modern Healthcare

Seeking to limit their costs under Obamacare, small and midsize companies are considering cutting jobs, slashing employee hours and using more temporary workers, and Northeast Ohio staffing firms are hiring more people to meet the anticipated demand.

The federal Patient Protection and Affordable Care Act as of Jan. 1, 2014, requires businesses with 50 or more full-time-equivalent (FTE) employees to offer health insurance that meets certain requirements or to pay to the government a penalty of $2,000 or $3,000 per employee.