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Monday, June 6, 2011

Firms To Cut Health Plans As Reform Starts: Survey

30% Of Companies Say They’ll Stop Offering Coverage As Obamacare Kicks In
At least 30% of employers would gain economically from dropping coverage. Contrary to what employers assume, more than 85% of employees would remain at their jobs even if their employers stopped offering  health insurance . Insurers will have to adapt to new realities and look for ways to keep the policy holders they have, the study says, but that shouldn’t be difficult. “Our research shows that more than 70% of employees would stay with their insurer if it offers a seamless transition and appropriate products. Each payer also must understand how changing employer-benefit strategies will shift the risk profile of its membership and set prices appropriately.” 
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