It's no understatement that the Patient Protection and Affordable Care Act is transforming the health care marketplace. As provisions of the new law take effect, employers and medical benefits providers alike are closely watching what PPACA means for their plan offerings and bottom lines.
Escalating costs represent one of the most anticipated outcomes of health care reform for employers. In a recent Towers Watson survey, 90 percent of employers predicted health care reform will increase their organization's medical benefits costs. Despite this negative outlook, nearly three-quarters of large U.S. employers expect to continue to provide subsidized health care coverage for active employees.