Employers could save billions by dropping workers from health plans
Survey of Fortune 100 companies finds that the [Obama} health care overhaul, contrary to the claims of its authors, created incentives for employers to drop workers from company insurance plans.
Republicans on the House Ways and Means Committee surveyed the top 100 companies about how much they spent on health care, a total of 71 companies, covering 5.9 million employees, responded. The results suggested it would be far more attractive for companies to drop workers from those plans than keep them.
Even after paying a penalty of $2,000 per employee, the companies stand to save $28.6 billion in 2014 alone by shifting employees to government sponsored [ObamaCare] health insurance plans governed by strict federal standards. The companies stand to save more than $422 billion over the first 10 years of the law by doing this.
If companies indeed drop company sponsored healthcare plans, this move would fly in the face of pledges by the federal backers of [ObamaCare] health plan backers, including President Obama, that U.S. workers would not lose their current employer provided health plans.
Trautwein, vice president of the National Retail Federation, said that “from a pure dollars and cents standpoint, it could not be more clear you [companies and business] would save a lot of money, hundreds of millions of dollars for some of these companies, by no longer providing coverage.”
No matter how you do the math, American workers health care will suffer from implementation of Obama’s government mandated healthcare [ObamaCare] plans. Costing workers more money for less health care with fewer choices.