More chains pull back on health care cost estimates

03/28/2013 | Wall Street Journal, The

A host of restaurant chains including Wendy's, Chipotle, Jack in the Box and Popeyes have said recently that they expect the new Affordable Health Care Act rules to cost less than they first expected, largely because many employees will opt to pay the annual fee, which could be as low as $95, rather than the higher monthly premiums. "That's a dynamic that everyone is watching closely," said Paul Dennett, senior vice president, health policy at the American Benefits Council. "No one really knows yet the extent to which individuals will sit on the sidelines."

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