Wednesday, August 24, 2011

Study: Companies Will Pay Fines Rather Than Participate In Health Insurance Exchanges

Posted By 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.

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