ObamaCare will permanently JeffCo’s budget by approximately $7 million for all budget years for the foreseeable future after 2017.
This about sums it up…
Once all of the increases are added up, and if the one-time administrative setup costs are omitted, ObamaCare will have permanently increased JeffCo’s budget by $8 million for all budget years for the foreseeable future after 2017.
To put the $8 million annual increase into some context, the JeffCo board is currently considering the construction of a new school, which has been estimated to cost from $15 to 25 million. If the district were able to forego the costs of the ObamaCare requirements and save those monies instead, it would roughly afford the district a newly constructed school every two to three years. For another point of comparison, $7 million represents roughly one percent of the school district’s yearly budget.
This issue appears to be somewhat restricted to Jeffco, who previously provided benefits only to full time workers, as in 40 hours per week. The Obamacare definition of 30 hours per week for f/t employees is responsible for much of the cost increase.