Incentives: Larger Employers Save $3 Trillion by Dumping You Onto Obamacare Exchanges

Comment: The widely-quoted “If you like your health plan, you can keep your health plan” seems to have left another sentiment unsaid: “But good luck trying as we make it impossible for insurance companies to offer your old plan, and while we busily bribe your employers to drop you.”

“Washington — A new investor report predicts that Standard & Poor’s 500 companies could shift 90 percent of their workforce from job-based health coverage to individual insurance sold on the nation’s marketplaces by 2020.”

“If all U.S. companies with 50 or more employees followed suit, they could collectively save $3.25 trillion through 2025, according to the report by S&P Capital IQ, a division of McGraw Hill Financial.”

Note: Please note that the employers’ gain comes at the employees’ expense–the employers’ savings comes from not offering health benefits, which the employee then has to purchase on the more-expensive individual market, using taxed income.

Report: large employers could shift nearly all workers’ health coverage to marketplace by 2020

By Tony Pugh, Thursday, 05.01.14

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