Skip to comments.Businesses could shun Obamacare exchanges
Posted on 04/04/2013 1:09:51 PM PDT by tobyhill
Small businesses were no great fans of Obamacare -- but at least they liked the promise of the health exchanges. Now, some of the benefits might not appear for at least a year.
By 2014, two kinds of health exchanges are scheduled to be up and running: One for individuals and one for small businesses.
Under the Small Business Health Options Program, business owners would choose a level of coverage, and their workers could pick among competing plans that qualify. Under a new proposal from federal regulators, each business owner would still have their pick of insurance from several providers. But businesses would be limited to choosing a single plan to cover all their employees. An expansion of more options would not come until at least 2015.
It would limit employers who currently offer several plan options to their employees. That makes up about half of all small businesses, according to health insurance broker Jesse Smedley.
"People who are used to having a choice and offering multiple plans are going to be pissed off," said Smedley, who owns iHealthBrokers.
(Excerpt) Read more at money.cnn.com ...
Businesses should stop providing health insurance.
Individuals should buy their own.
That will bring down costs all by itself. Competition for a smaller pie.
You’re correct, of course.
This whole mess of tying health “insurance” to employment came via govt wage controls.
Once the disconnect of cost vs benefit was made, cost (shockingly!!) skyrocketed.