A recent Deloitte spot survey of employers shows that while an overwhelming 53 percent of mid-sized and smaller companies are choosing to comply with the law’s mandates by providing employer-sponsored coverage, 54 percent of executives say that the enactment of the ACA will slow their bottom line. Further, to offset costs, 17 percent of the companies surveyed plan on reducing hiring and 14 percent will reduce employee hours. (See a full survey infographic here.)
(Another surprise package delivered by Obamacare came in the form of a UPS announcement that the Atlanta logistics company plans to cut off health benefits for working spouses starting in 2014. A chief reason for the change? The added costs ACA is imposing, including the mandate that plans cover children up to age 26, its ban on lifetime spending limits, and the $65 in ObamaCare fees that will be imposed on every enrollee starting next year.)
Exploring far-reaching strategies to dodge the employer mandate isn’t uncommon, according to reports from The Wall Street Journal and elsewhere. Katie Mahoney, executive director of health-care policy at the U.S. Chamber of Commerce, because, for some business owners, “it’s a matter of dollars and cents and they don’t have it. They find a way around it or they close their business.” Average premiums for family health-insurance plans have increased 97% since 2002, according to a September study conducted by nonprofits Kaiser Family Foundation and Health Research & Educational Trust.
Carl Schanstra, owner of Automation Systems, a $1.6 million parts assembly factory outside Chicago is thinking that he might split his manufacturing business in two according to a WSJ report
This is because his plant currently employs 40 full-time workers, mostly low-paid employees who monitor the factory equipment. If sales were to continue to rise, the plant could, conceivably, employ 50 full-time workers in 2014. Under the Affordable Care Act, businesses with 50 or more full-time equivalent employees will be required, starting in that year, to offer workers health insurance or potentially pay a penalty.
Employers are in a bind. Keeping your head count below 50 full-time employee is a good way to avoid the cost of health insurance. For example, if you have 52 qualifying employees, you could lop a few heads and get to 48. Bingo! You’re not required to provide health insurance. On the other hand, you’ve probably ticked off your workers and likely damaged the business’ reputation. On the other hand, if you’re under 50 but close, and if your business is on a growth path that likely will require additional staff, think about offering health coverage anyway. You’ll be required to take that step when your head count hits 50, and continued growth may be more important than a relatively few additional insurance dollars.
Inc ran the numbers for four companies–of different sizes, in different industries, and in different parts of the country–to see how each company plans to deal with the changes brought by the new law. https://www.inc.com/magazine/201303/adam-bluestein/4-strategies-for-coming-obamacare.html They’ve also put together a decision tree to help you learn which mandates, penalties, and incentives you might encounter, as well as a glossary of the ACA’s key terms and concepts.
Read: https://www.inc.com/magazine/201303/adam-bluestein/4-strategies-for-coming-obamacare.html
Read: Read More At Investor’s Business Daily: https://news.investors.com/ibd-editorials-obamacare/082113-668333-obamacare-delivers-bad-news-to-ups-workers.htm#ixzz2cjD7sKmP
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
