According to a new Federal Reserve Bank of New York survey – close to 20 percent of companies in the Big Apple say they are cutting their workforce in response to the Affordable Care Act.
The survey found that, "roughly 17 percent of service sector firms and 21 percent of manufacturers said they were reducing the number of workers in response to the ACA."
The news comes just two days after the large health insurer Aetna joined rivals UnitedHealth Group and Humana in announcing it would significantly cut back the number of places where it sells Obamacare plans next year due to steep losses on those plans.
"The vast majority of respondents in both surveys [of manufacturing and service company executives] said they were not changing the proportion of part-time workers or the amount of work outsourced to other firms," said the report, which questioned about 250 executives in New York state, northern New Jersey and Fairfield County, Connecticut.
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