Big Companies Likely To Move Employees To Health Exchanges
A new investor report predicted that nearly all workers' coverage would shift by 2020, triggering trillions in savings for employers by 2025.
The New York Times’ The Upshot: Implications For Employers In New Health Care Law
As the Affordable Care Act goes from thousands of pages of legalese to actual, real-life public policy, the future of employer-provided health insurance is one of the most fascinating questions. Will employers call for -- and their workers accept -- the practice of buying health insurance through government exchanges? How much will companies save, and will they pass those savings onto employees? Will it make workers more mobile and ready to shift jobs, or will employer-paid health insurance become a sought-after perk? (Irwin, 5/1).
McClatchy: Report: Large Employers Could Shift Nearly All Workers’ Health Coverage To Marketplace By 2020
A new investor report predicts that Standard & Poor's 500 companies could shift 90 percent of their workforce from job-based health coverage to individual insurance sold on the nation's marketplaces by 2020. If all U.S. companies with 50 or more employees followed suit, they could collectively save $3.25 trillion through 2025, according to the report by S&P Capital IQ, a division of McGraw Hill Financial. Standard & Poor's 500 companies could save $689 billion over the same period if they did likewise, the report found (Pugh, 5/1).
Politico Pro: Report: Big Companies Could Save Big Under ACA
A new report predicts that Obamacare will prompt most major companies to drop employees from health plans by 2020 and instead send them to the new insurance marketplaces for coverage. While the vast majority of large corporations currently provide workers with health benefits, a study by S&P Capital IQ suggests that publicly traded companies could save $700 billion by 2025 if they respond to incentives laid out in the Affordable Care Act. Those incentives include federal premium subsidies for low- and moderate-income Americans and a cap on how much companies can require workers to pay for employer-sponsored coverage (Cunningham, 5/1).