7/24/2012

Employers Begin Plans To Drop Employee Health Coverage

Posted by Brian

"If you like your health care plan, you can keep your health care plan."
Barack Obama - 2009

During the healthcare debate, Barack Obama and the Democrats told the American people that opponents claims of employers would drop employee healthcare plans were "untrue", and "scare" tactics.  Well, according to the latest survey, nearly 10% of employers are going to do exactly that in the next 3 years, while another 10% saying they are not sure, and they are waiting to see how the law affects them.

What does this mean to those Americans whose employers "opt out" of providing coverage?  Well, congratulations! You are now forced into the government plan.  Failure to obtain insurance will result in fines administered by the IRS.

"But why would my employer drop my coverage?  Don't they have to pay a fine if they don't?"  The answer is: Yes, they do.  But the fines are less than the actual cost of covering you covering you. Form a business standpoint, it is a no-brainer. This is not an accident.  It was intentionally written into the bill that way.  Initially, you may be able to obtain private insurance, but as private sector insurance companies, which will have premium caps, begin to go under due to government mandates, more and more Americans will be forced into the government exchanges.  The goal of ObamaCare is to eliminate private insurance.

Currently, nearly 20% of employers are either planning to drop coverage, or are taking a wait and see attitude.  As more details of the plan come out, expect this percentage to skyrocket, and your options to decrease.

Nearly one in 10 employers to drop health coverage
By Paige Winfield Cunningham - The Washington TimesJuly 24, 2012, 10:04AM

About one in 10 employers plan to drop health coverage when key provisions of the new health care law kick in less than two years from now, according to a survey to be released Tuesday by the consulting company Deloitte.

Nine percent of companies said they expect to stop offering coverage to their workers in the next one to three years, the Wall Street Journal reported. Around 81 percent said they would continue providing benefits and 10 percent said they weren't sure.
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