Is Employer Sponsored Health Care the Next Jurassic Park?
By RedBrick Health
If employers have been looking for an exit to employer-sponsored health benefits, they may have found one in the new health reform law. According to the just released employer survey by McKinsey and Company, upwards of 30% of the 1,300 employers surveyed “definitely or probably” will drop health coverage altogether and instead pay the $2,000 per employee government mandated fine. The flee rate gets even higher when focused on those employers with a high awareness of the new law – more than half (50%+) employers indicating plans to exit health benefits.
Regardless of whether or not the survey findings become reality, the health reform law is likely to have an impact on the landscape of employer sponsored health. Employers leaning toward getting out of the world of health insurance may feel justified in doing so knowing their employees are ensured affordable coverage options outside of their employment.