Ohio Company Cuts Insurance For 1,000 Employees Due To Obamacare


Ohio company PSC Metals confirmed Wednesday that they will discontinue their company insurance plan for some 1,000 employees to save money under Obamacare’s regulation, WEWS-OH reports. The employees will likely now have to seek health insurance within the Obamacare exchanges.

In the report, Prof. Tom Sutton of Baldwin-Wallace University said that the company would save more money by paying the penalty rather than offering coverage. Sutton noted that because the Obama administration delayed the employer mandate in July, "if [PSC Metals] cuts insurance now, they’re going to have a full year of no penalty and no insurance costs before 2015."