AOL CEO: ObamaCare Will Cost The Company $7.1 Million, Force It To Cut Other Benefits (Video)

AOL Chairman and CEO Tim Armstrong told CNBC this week Obamacare will cost the company $7.1 million and force it to cut other benefits.

“Obamacare is an additional $7.1 million expense for us as a company. So we have to decide whether to pass that expense to the employees or whether to cut other benefits.”

AOL chief cut 401(K) benefits this week – blaming it on Obamacare.

Comments

As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning