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Obama Care Pushing Companies To The New Season of Reason, Dropping Employee Coverage Ask Dr Phil

Maggie Wilderotter, chief executive officer at cable, Internet and phone provider Frontier Communications Corp. (FTR) says it’s her “fiduciary responsibility”to study ending medical benefits long provided by her company.“Frontier, like a lot of companies, is likely to at least consider dropping health-care benefits” in 2014, she said.

Frontier Communications Corp. Chief Executive Officer Maggie Wilderotter said, “Frontier, like a lot of companies, is likely to at least consider dropping health-care benefits” in 2014. Photographer: Andrew Harrer/Bloomberg

As President Barack Obama presses ahead with plans to broaden insurance coverage, many U.S. executives say his health-care law has them rethinking their options. Starting in 2014, the law’s $2,000 fine for not offering coverage appears to be far less than what most businesses pay for benefits.

New Season of Reason has companies dropping health care coverage for employees and retirees.

acura

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