Survey Finds Health Law May Lead To Employee Benefits Shift
AUG 25, 2011 The findings come from professional services firm Towers Watson, which concluded that 9 percent of mid-sized to big employers will move away from offering workers health insurance after insurance exchanges become operational in 2014. The Associated Press: Survey: Overhaul May Push Employee Benefits Shift Nearly one of every 10 midsized or big employers expects to stop offering health coverage to workers after insurance exchanges begin operating in 2014 as part of President Barack Obama’s health care overhaul, according to a survey by a major benefits consultant (Murphy, 8/24). Milwaukee Journal Sentinel: Companies Weigh Dropping Health Insurance After Law Change, Survey Finds The latest results come from professional services firm Towers Watson, which said 9 percent of the midsize and large companies it recently polled plan to drop employer-sponsored health insurance after the Affordable Care Act takes effect in 2014. Other research has predicted that even more firms will drop coverage, letting employees buy insurance on their own through the online marketplaces, or exchanges, that will be established. That’s assuming, of course, that the U.S. Supreme Court, which is widely expected to rule on the act, doesn’t toss it out as unconstitutional (Romell, 8/24).