American Action Forum report finds ACA implementation has large price tag for states, private companies
Posted on October 11, 2012 | No Comments
In a new analysis, the conservative think tank, the American Action Forum, reported that new Affordable Care Act (ACA) regulations have cost states and private companies over $27 billion. The report found that about $20 billion in ACA compliance costs will fall to private businesses, while $7.2 billion will fall to to state governments. Medicaid eligibility expansion will cost states approximately $580 million while private businesses will spend $757 million complying with new menu-labeling provisions, for example. State initiatives will include creating an insurance exchange, while the total for private employers is attributable to complying with the new healthcare requirements and coverage mandate.
Already, the federal government has awarded billions of dollars in grants to help states establish exchanges and comply with other ACA provisions.