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Financial Times | More businesses cutting payroll in response to Obamacare





US retailers and restaurants chains that employ millions of low-wage workers  are considering cutting working hours or paying fines rather than enrolling  employees in health insurance plans under Barack Obama’s  landmark healthcare law.

Employers are concerned that the law increases the cost of insuring employees  on existing plans, partly by broadening the range of benefits. It also requires  companies to insure some employees not previously covered.

David Dillon, chief executive of the Kroger supermarket chain, told the Financial Times that  some companies might opt to pay a  government-mandated penalty for not providing insurance because it was  cheaper than the cost of coverage.

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