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Survey: 9% Of Employers Expect To Drop Coverage Under ACA

08/03/12

  03:59:00 pm, by MedBen5   , 158 words,  
Categories: News, Health Plan Management

Survey: 9% Of Employers Expect To Drop Coverage Under ACA

While most businesses will continue to offer group health plans to their employees, about 9% expect to drop their coverage in the next 1-3 years, according to a recent survey by the consulting company Deloitte. This is slightly higher than the Congressional Budget Office estimate that 7% of workers could lose employer coverage under the Affordable Care Act by 2019.

The Washington Times reports that the survey of 560 businesses currently offering health care benefits found that 81% of responding companies have no plans to stop offering coverage when insurance exchanges are introduced in 2014. The remaining 10% said they weren’t sure.

However, whether employers stick to their current course of action depends on another provision of the health care reform law – a tax on high-cost plans slated to take effect in 2018. One in three respondents said they would drop coverage if they determine it would be cheaper to pay the penalty for not providing insurance.

Deloitte conducted the study between February and April 2012.

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