Thursday, October 3, 2013

Affordable Care Act Trucking Industry Fallout

My Comments: Nobody actually has a handle on exactly what the ACA has in store for Americans so it's obvious neither do the trucking employers.
The article excerpts below was posted on TransportTopics Oct 1st.

"Trucking companies are planning to make employees contribute more to health-care plans, implement wellness plans and take other steps in response to the Affordable Care Act, Transport Capital Partners said.
Only 8% of carriers said the law will not change their business.
 
Citing its August survey, TCP said wellness programs, health-savings accounts and using more independent contractors have become increasingly popular responses to ACA since the group first conducted the carrier survey in 2011.
 
Small carriers were more likely to report adverse effects from the health-care law than large carriers, with 30% of small companies considering dropping health-care coverage for employees compared with 10% of large carriers.
”Smaller carriers are at a disadvantage to find and retain drivers if they cannot compete with the health packages offered by larger carriers,” TCP Partner Richard Mikes said in an Oct. 1 statement that announced the report.
 
The health-care law, also known as Obama Care, will require most companies with more than 50 employees to provide health insurance to workers." Source: TransportTopics.com

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