Skip to comments.Hold On to Your Health Care
Posted on 05/07/2014 1:47:25 PM PDT by Hojczyk
Can corporations shift workers with high medical costs from the company health plan into online insurance exchanges created by the Affordable Care Act? Some employers are considering it, say benefits consultants.
Its all over the marketplace, said Todd Yates, a managing partner at Hill, Chesson & Woody, a North Carolina benefits consulting firm. Employers are inquiring about it and brokers and consultants are advocating for it.
Patients with preexisting medical conditions like diabetes drive health spending. But those who undergo expensive procedures such as organ transplants are a burden to the company as well. Since most big corporations are self-insured, shifting even one high-cost member out of the company plan could save the employer hundreds of thousands of dollars a yearwhile increasing the cost of claims absorbed by the marketplace policy by a similar amount.
And the health law might not prohibit it, opening a door to potential erosion of employer-based coverage.
Such an employer-dumping strategy can promote the interests of both employers and employees by shifting health care expenses on to the public at large, wrote two University of Minnesota law professors in a 2011 paper that basically predicted the present interest.
(Excerpt) Read more at thedailybeast.com ...
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I’ve said it before... the ACA is all about getting Big Business out from under health insurance costs while mandating that insurance companies still have customers.
Isn’t AIDs treatment quite expensive?