(Bloomberg) — Large employers are increasingly putting an end to their most generous health care coverage as a tax on Cadillac insurance plans looms closer under Obamacare.
Employees including bankers at JPMorgan Chase & Co. and college professors at Harvard University are seeing a range of moves to shift more costs to workers. Companies are introducing higher deductibles and co-payments, rising premiums and the imposition of wellness programs that carry penalties for people who don't comply.
Requiring employees to shoulder more of the cost burden could undermine public support for Obamacare just as Congress, now firmly under Republican control, considers new ways to gut the law.
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