Wednesday, August 24, 2011
Health Care Study: Companies Will Pay Fines Rather Than Participate In Health Insurance Exchanges
Posted by George Prentice on Wed, Aug 24, 2011 at 8:57 AM
A new survey out this morning from a nationwide risk and capital management consultant indicates that nearly one in every 10 midsize or big employers expect to stop offering health coverage to its workers when insurance exchanges start up in 2014. Towers Watson also found that an additional 20 percent of the companies are unsure about what they may do. Another study in June of large and smaller employers found that 8 percent were either "likely" or "very likely" to end health benefits once the changes start.
The large majority of employers in both studies said they expected to continue offering benefits, but the analysis suggests that some employers are willing to pay fines and higher taxes rather than continuing to provide health coverage for their workers.
Comments (1)
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Take a managerial accounting perspective and a vision which does not extend further than a year...at most. The determining factor will be the costs which are to be reduced as much as possible.
On the consumer side, paying a premium for the employees getting benefits? We cant even do that for American manufacturing jobs which keep ppeople employed, why would we care (using money not empty but loud words) about who stays alive if it is not strictly speaking, your problem?
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