News Headlines Article

Public or Private, Health Benefits Face Strategic Pruning
The Wall Street Journal

Finance chiefs at companies ranging from Cisco Systems Inc. to Westmoreland Coal Co. are scrutinizing employee health benefits as they face the Affordable Care Act’s looming “Cadillac tax” on generous health plans.

They aren’t the only ones.

Across the country, cities and states are also scrambling to figure out how many millions the tax will cost them.

The ferment underscores how all employers stand to be pinched if they can’t reduce employee health-care costs below government-set thresholds.