Businesses talk costs of Affordable Care Act - FOX 26 News | MyFoxHouston

Businesses talk costs of Affordable Care Act

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Election Night cleared one of the last hurdles to implementing President Obama's signature "healthcare overhaul".

Where businesses are concerned, the Affordable Care Act requires employers provide a certain level of coverage or pay a penalty of up to $3,000 per employee.

While some companies may look to layoffs to offset the cost, others may cut hours or paychecks.  Houston health care attorney Chris DeMeo said the larger businesses he knows about still plan on providing benefits.

"It's more than just the number crunching.  There's going to be an assessment of cost," DeMeo said.  "There's going to be discussions of 'Where can we make up the cost that we're now shifting to healthcare?' and then some tough decisions are going to have to be made."

In Las Vegas, a small business owner said he laid-off nearly 20 percent of his employees, Wednesday, to help afford his rising health-care costs.

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