GOP report: Health care law will raise costs

04/27/2012 | Reuters · Wall Street Journal, The

The Patient Protection and Affordable Care Act will raise the cost of health care through higher taxes, fees and administrative requirements, according to a report compiled by House Energy and Commerce Committee staff with input from corporate members of a presidential jobs panel. Democrats dismissed the report as partisan and pointed to other corporations that have said the law will not have a negative effect. The report also says some large companies are being urged by consultants to cut health coverage in 2014 and shift workers instead to state-run exchanges.

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