Affordable Care Act
Original Article: A Job Engine Sputters as Hospitals Cut Staff
Health care providers announced more layoffs than any other industry last month — 8,128 — largely because of reductions by hospitals, according to outplacement firm Challenger Gray and Christmas. So far this year, the health care sector has announced 41,085 layoffs, the third-most behind financial and industrial companies.
As Time Warner and IBM join the growing list of companies that plan to stop offering health insurance benefits to retirees, one workplace expert suggests that the moves are simply the first steps in eliminating health insurance from the corporate balance sheet for all employees; former and current.
Despite the potential for increased costs and more regulatory red tape, 82 percent of companies recently surveyed by global outplacement consultancy Challenger, Gray & Christmas, Inc. plan to continue providing health care coverage to their workers when the employee mandate provision of the Affordable Care Act goes into effect on January 1, 2014.
Challenger focused on telecommuting trends, specifically the announcements by Yahoo and Best Buy to suspend that option, bad leadership, and companies' response to the Affordable Care Act at this year's SHRM conference held in Chicago.