A great article came out recently showing how, contrary to all the scare tactics, employers will NOT drop their coverage thanks to the Affordable Care Act
Zero out of 512 employers plan to drop health insurance, survey says
- ...Which makes this Towers-Watson survey all the more surprising: The consulting firm polled 512 companies that employed more than 1,000 workers each. These are companies that spend at least $5 million in health benefits annually. They were asked how likely it was that they would drop coverage in 2014 and send employers to the new health care exchanges being created to accommodate the law.
- Not a single employer said that scenario was “very likely.”
Why might that be?...
- "If it’s hard to understand why employers would spend more than $15,000 on employee health benefits when they have the option of only spending $2,000 to skip health care, it might help to think in a different way. Right now, employers spend $15,000 on an employee’s health benefits when they could be spending…absolutely nothing. They offer benefits not because any law requires them to but because it serves their interests: They can remain competitive when recruiting employees and keep their workforce healthier and more productive."
Employers don't provide insurance because they are benevolent institutions, they do it because it servers their interests. They are not going to suddenly drop coverage because a fee is cheaper, if they wanted to do that they'd have done it already.