INDIANAPOLIS | Nearly one of every 10 midsized or big employers expects to stop offering health coverage to workers after insurance exchanges begin operating in 2014, according to a survey by benefits consultant Towers Watson.
The survey, conducted in July, also found that an additional one in five companies were unsure about what they would do after 2014. Another big benefits consultant, Mercer, found in a June survey of large and smaller employers that 8 percent were either “likely” or “very likely” to end health benefits after the exchanges started. The surveys, which involved more than 1,200 companies, suggest that some businesses feel they will be better off dropping health insurance coverage once the exchanges start as part of President Barack Obama’s health care overhaul, even though they could face fines and tax headaches. The percentage of companies that are already saying they expect to do this surprised some experts, and if they follow through it could start a trend that chips away at employer-sponsored health coverage, a long-standing pillar of the nation’s health system.Read more Workplace
Posted on Wed, Aug. 24, 2011 10:24 PM
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Survey says many employers to stop offering health insurance
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