Those who don’t get waivers will just simply drop healthcare coverage for employees.
LOS ANGELES (MarketWatch) — Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows.
While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will “definitely or probably” stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.
The survey of 1,300 employers says those who are keenly aware of the health-reform measure probably are more likely to consider an alternative to employer-sponsored plans, with 50% to 60% in this group expected to make a change. It also found that for some, it makes more sense to switch.
“At least 30% of employers would gain economically from dropping coverage, even if they completely compensated employees for the change through other benefit offerings or higher salaries,” the study says.
It goes on to add: “Contrary to what employers assume, more than 85% of employees would remain at their jobs even if their employers stopped offering [employer-sponsored insurance], although about 60% would expect increased compensation.” Read about the costly flaws in the U.S. digital health-data plan. […]
Of course, the article goes on to cite RomneyCare in Massachusetts, a Rand Corp. report, and a CBO report to counter this. Never mind the CBO has been all over the place on their estimations regarding ObamaCare, and that RomneyCare is basically a failure in Massachusetts. Never mind everything and anything coming out of this administration is pure BS. It always has been the plan to run private insurance companies out of business, and out of existence. Yep … “You lie!”:
Footnote: Yes, I’m doing well and healing. The eye surgery appears to have been a wonderful success. And my over-educated daughters are nagging at me for getting online today. But I was going stir-crazy …