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Now? his employees are going to suffer. hes saying right now, look, we may have to pass more costs onto them or the consumer. >> yes. what they did in the case of aol is they cut 401(k) benefits to absorb the costs. this is one of a number of companies that cut back on benefits. we saw target cut back on -- look, were not going to in sure part-time employees anymore, put them on health insurance exchanges, dump them on that. weve seen ups say were not going to in sure spouses of employees. the c...
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Forbes, rich carlguard, elizabeth macdonald, sabrina safer, rick unger and john tamma tammany. john, is it hurting jobs or not? >> the secretarys comment is a reminder of how fraudulent the economics profession has become. the simple truth is obamacare is a huge cost for businesses. thats going to reduce profits. reduced profits means less investment which means lower job creation. you dont need a ph.d. to state the obvious. this is common sense. its anti-capital formations and anti-job creation...
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Damage, the insurance executive said, the administration is exploring several changes adding, quote, i get the sense literally everything is on the table. today the chairman and ceo of aol revealed that in order to pay for more generous health benefits, hell have to trim some 401(k) benefits. >> obamacare is an additional $7.1 million expense for us as a company so we have to decide whether or not to pass that expense to employees or whether to cut other benefits. >> reporter: pressed on whether...
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