Eighty percent of employers say the health care reform law is increasing their costs and administrative hassles, which is a cause for concern, according to a recent employer survey by Kansas City-based Lockton Benefit Group.
The survey also reveals that employers believe the law is raising the costs of group health as well as making it more burdensome. Of Lockton's client companies, more than 40 percent responded to the confidential survey, which asked employers a dozen questions to measure their levels of concern about health care reform's impact.
The high level of concern regarding health care reform's additional administrative obligations is not surprising to Edward Fensholt, director of Lockton's compliance services division.
Recommended For You
"There are more notices to employees; additional plan summaries; a variety of reports to federal authorities; including W-2 reporting of health plan values, and significant penalties for noncompliance," Fensholt says. "Just the sheer amount of work and associated dollars added are significant to many employers. Federal regulators are trying to minimize the burdens — they're doing a good job of soliciting input from employers — but the obligations remain a significant challenge."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
