NJ Doctor Blog

This artice was orginally posted on Openforum.com Tom HarnishWriter, Aerodite, Inc. In a recent (and controversial) survey produced by McKinsey & Company, 30 percent of employers said they are likely to stop offering health plans in 2014 when the full impact of the healthcare reform law will take effect. Sixty percent said they would look for an alternative to employer-sponsored insurance. What’s going on here? In 2010 the nearly 70 percent of firms that offered employee healthcare plans paid an average of $9,500 per family; slightly more than two-thirds of the $14,000 total premium. That’s a 114 percent increase over the average cost of healthcare in the year 2000. When federal health insurance premium subsidies for lower-income uninsured employees begin in 2014, employees will be able to purchase coverage from health insurance exchanges. As a result, some companies may opt to increase wages and have their employees get their own insurance from these new exchanges. Even with the $2,000 per employee penalty they’ll incur, they’ll still come out ahead, and they’ll eliminate their ever-increasing spiral of healthcare costs. Ultimately, what employers do will depend on insurance costs in 2014 and the extent to which healthcare benefits impact their recruiting and Read More

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