Skip to comments.One in 10 employers plans to drop health benefits, study finds
Posted on 07/24/2012 1:08:52 PM PDT by kevcol
About one in 10 employers plans to end workers' health insurance as the new healthcare law takes effect, according to a new study.
The finding could bolster opponents of the law, who argue that its changes to the healthcare system will force workers out of insurance plans they like. Supporters of the law say most people will keep their current coverage.
The study found that smaller firms were most likely to say they will drop coverage. Thirteen percent of companies with 50 to 100 workers said they would end policies within three years, compared with 2 percent of companies with more than 1,000 workers.
The businesses surveyed were not identified.
A spokeswoman for the Department of Health and Human Services said the Massachusetts law that inspired the federal healthcare overhaul led to an increase in the number of people insured through their employers.
(Excerpt) Read more at thehill.com ...
That’s a number fated to increase dramatically as the rising cost of premiums/loss of tax incentives vs. the pittance of a penalty for not continuing plans sinks in with employers.
I hope mine is not one of them. I work for a HUGE corporation and retiree medical insurance is very reasonable. I can cover my husband and myself for around $400 a month when I retire. As an active employee my part of the premiums are only about $100 a month. I’ll be 58 in October and planned to retire between now and age 62. I hope we still have it. I wonder if they can cancel retiree insurance if you already have it and it is included in your retirement package?
Boeing has been cutting the Obama voting employee’s health care by cutting the lower end health care plans. They are also in process of cutting healthcare in massive underhanded ways, such as requiring employees to take a physical given by Michigan State University and allow them to have your personal medical data or else pay $20 per person per month more. Pure extortion by Boeing. I no longer work for them but several years ago when they started that incremental plan by first asking for particiaption I just knew where that liberal organization was headed: Mandatory participation.
I work for Proctor & Gamble and I don’t see them doing that but it’s still a scary thought. I’ve been there for 36 years and have always had good insurance, even when Gillette owned us.
At my employer, we’re actively mapping the process to drop our health care plans.
It would not be reasonable to expect any citizen to forgive any one of the sons of bitches in Washington who have deliberately undermined all - and flat-out destroyed parts - of our medical system.
As long as the Baraqqi Depression grinds on, companies are pretty much able to abuse the hired help.
It’s not like there are a lot of alternate jobs to be had.
The penalties for not providing employer insurance are small compared to the cost of most comprehensive policies.
That is the plan, make it economical for companies to drop group health coverage. Run the medical insurance businesses out of business. By the time the penalty for companies not to have health coverage, there will be no private plans out there so the onus will be to use the government plan.
Oh, wait for them to begin taxing group health insurance benefits paid by employers as earned income. Everyone will be headed for the exits.
The biggest mistake was when wage and price controls in WW2 incentivized employers to offer health care to employees as a way to beat the system.
Once they separated the “user” from the “payer” the system costs went out of control.