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Employers say the "pay or play" mandate under the recently enacted health care reform bill will not drive them to drop health care benefits for their workers, according to a new survey.
Nearly 3,700 executives responded to a survey from Crain Communications. More than half (52.5 percent) "strongly disagreed" with the statement that it would be better for their organizations to stop offering health care benefits and pay a fine under the new law.
A provision in the new legislation requires employers with 50 or more full-time workers to offer health care coverage or pay a fine of $2,000 per full-time worker per year, beginning in 2014.
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Among the largest employers–those with 25,000 or more workers–64.9 percent strongly disagreed with the statement that their organizations would be better off dropping health care benefits.
Employers agree that despite the mandate, offering health care benefits is critical to employee recruiting and retention – more than 65 percent believe so.
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