Business
6:17 pm
Mon June 17, 2013

Michigan business people are trying to learn how the Affordable Care Act will affect them

Michigan business owners say they still need answers to how the Affordable Care Act will affect their businesses.

About 200 people attended a seminar on "Obamacare" today in East Lansing.

The federal health care law takes effect January 1st.  Businesses with more than 50 employees will have to provide health care insurance to their employees or pay a penalty.

Ed Harden is the VP of Sales for McLaren Health Plan. He says business owners have just one question for him, “How much is this going to cost?”

But many of the insurance rates under the new law won’t be set until this fall. Harden predicts many larger employers will opt to renew their current insurance coverage and see what happens to the federal health care law in 2014.

“And we’re hearing more and more that companies are looking to do that,” says Harden, “so that they can get a look…and lay out their options in a more thoughtful fashion.”

Only a small percentage of the businesses that would be affected by the Affordable Care Act mandate do not already provide health care coverage to their employees.