Curious, what are the n-order effects of large corporations reducing the cost of providing health insurance for their employees? My wages won't go up (probably)

Curious, what are the n-order effects of large corporations reducing the cost of providing health insurance for their employees? My wages won't go up (probably), their profits will go up but I'm sure many other things happen in the middle. How will this affect taxes at the fed, state, local level? Will one level see an increase/decrease in taxes collected? etc.