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AOL CEO: Obamacare Costing Company $7.1 Million



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​AOL chairman and CEO Tim Armstrong says Obamacare’s regulations and mandates will cose his firm about $7.1 million, and has put his company in a difficult spot between choosing whether to cut benefits or pass the costs onto employees.

“We have to decide to pass that expense to our employees or cut other benefits,” Armstrong told CNBC on Thursday. “As a CEO and management team, we had to decide, do we pass the $7.1 million of Obamacare costs to our employees or do we try to eat as much of that as possible and cut other benefits?”

Via the Washington Free Beacon.



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