Obamacare’s latest victims are not women, the poor or even the elderly, but young, healthy and carefree college students.
Students at the University of South Carolina are in for a treat once they find out their schools’ tuition is going to cost them considerably more next year. The surprise will be even harder to assimilate once they learn that the Affordable Care Act is responsible for the increase.
The school claims that a tuition increase rate of 3.2 percent is necessary to help cover for the almost $18 million it needs to come up with to cover for the state-mandated employee pay raises, implementation of Obamacare and retirement benefits.
While the school is blaming the state for imposing the mandates without providing financial assistance first, it is also urging parents and students to understand their situation. The heavy-handed health care regulations and the increasing mandates regarding pay raises destined to employees are driving the tuition costs up and putting the school’s livelihood on the line.
But the University of South Carolina is not the only large employer suffering the consequences of the mandate. Under ACA, large employees are required to offer health coverage to any employee who puts in more than 30 hours of work a week. If employers are not able to meet these requirements, they are forced to pay a $2,000 fine per employee.
In many cases, companies prefer to go for the fine and end up ditching coverage altogether, leaving employees to search for health care insurance independently. This unintended consequence of the law’s employer mandate has been adding further financial burdens to hard-working low- and middle-income Americans.