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Retail and restaurant industry employers will likely drop their health coverage plans or cut employee hours in reaction to requirements taking effect in 2014, according to a new Mercer study. Just under 50% of retail and hospitality employers say they will have to make changes to accommodate the law, and 9% are planning to drop their existing health plans. According to McDonald’s CFO Peter Bensen, the new law will cost each of the company’s restaurants between $10,000 and $30,000 annually.

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