This Friday, June 21, 2013 photo shows a sign in front of the Walgreens in Wexford, Pa. Walgreen Co. reports quarterly financial results, Tuesday, June 25, 2013.Credit: AP
The nation's largest drug store chain Walgreens is changing the health care plan for 160,000 of its employees as a result of Obamacare, among the latest employers to make changes as the law's further implementation moves closer.
The new plan will reportedly force employees to pay for more of their health care costs, as the company seeks to avoid the rising costs resulting from the law.
The Wall Street Journal reports, “Aside from rising health-care costs, the company cited compliance-related expenses associated with the new law as a reason for the switch.”
Two months ago Walgreens announced it would help promote the Patient Protection and Affordable Care Act, better known as Obamacare, along with Blue Cross Blue Shield, in the lead up to the health care exchanges opening on Oct. 1. The two companies launched a website in July and promised to distribute brochures.
In January, the individual mandate is set to kick in, requiring every American to buy health insurance.
News of yet another company having price troubles comes the same week that President Barack Obama said predictions that rates would rise under the health care law hasn't happened.
“There were lot of the horror stories, how this would shoot rates way up, how there were going to be death panels, and all that stuff. None of that's happened,” Obama said Monday.