Employers responding to a post-midterm elections survey say they fear health reform will drive up benefits costs, and more than 20 percent believe it's likely they'll consider dropping employee benefits altogether.
According to a survey conducted by MBGH and co-sponsored by the National Business Coalition on Health (NBCH), Business Insurance and Workforce Management, 53 percent of all employers and 67 percent of large employers say they do not plan to drop health benefits. However, based on the potential penalties and recent modeling of potential impact, 22 percent of all employers said that it is likely that they would consider eliminating benefits.
Roughly three-quarters (74 percent) of employer respondents said they believe it's likely health reform will boost health costs even more than if the legislation was not passed.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
