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Chris Wysocki
Caldwell, NJ
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Wednesday, 24 August 2011
Whoops, there goes your employer-sponsored health insurance
At least one in ten midsize to big employers will definitely ditch their health care plans once federal insurance exchanges start in 2014. A survey conducted last month by large benefits consultant Towers Watson shows an additional 20% of employers are "unsure" of what they'll do.
The studies suggest that some employers, especially retailers or those offering low wages, feel they will be better off paying fines and taxes than continuing to provide benefits that eat up a growing portion of their budget every year.
Then there's the implicit pay cut that occurs when folks start shelling out for their own health insurance. Who's up for that?
And remember "If you like your health care plan, you can keep your health care plan"?
Me neither.
Posted at 11:53 by Chris Wysocki
[/obamacare]
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