30% of employers may drop health care cover after 2014
Thirty percent of employers say they may stop offering health care plans after 2014, when key provisions of the health care reform law go into effect, according to a survey released Tuesday.
For further information about our Insurance agents please contact:
Tel: 001 215 546 9660
Email: usmail@bartlettgroup.com
Consultant McKinsey & Co., which surveyed more than 1,300 employers of varying sizes, found that 30% of employers "definitely" or "probably" will stop offering coverage after 2014.
That is when changes such as federal health insurance premium subsidies for lower-income uninsured employees begin for individuals to purchase coverage from health insurance exchanges that are to be set up then.
"The shift away from employer-provided health insurance will be vastly greater than expected and will make sense for many companies and lower-income workers alike," said the study, published in the June issue of McKinsey Quarterly.
This article has been sourced from the Business Insurance 'Risk Management Newsletter.' To read the rest of this article please click here
For further information about our Risk Management services please click here
Bartlett, Philadelphia Insurance Agent, keeps you update with relevant insurance news.