Home > Uncategorized > Zero out of 512 employers plan to drop health insurance, survey says

Zero out of 512 employers plan to drop health insurance, survey says

Employers are getting closer and closer to making a very big decision: whether to continue providing health insurance to workers after the Affordable Care Act’s coverage subsidies come online.

Health insurance is expensive, costing employers $15,073 on average to cover one worker and the employee’s family. If companies with more than 50 workers stopped offering coverage, they would face a fine that is significantly smaller than that cost, at $2,000 per employee.

Which makes this Towers-Watson survey all the more surprising: The consulting firm polled 512 companies that employed more than 1,000 workers each. These are companies that spend at least $5 million in health benefits annually. They were asked how likely it was that they would drop coverage in 2014 and send employers to the new health care exchanges being created to accommodate the law.

Not a single employer said that scenario was “very likely.” A mere 3 percent ranked it “somewhat likely.” The vast majority — 77 percent said — it was “not likely” that they would stop offering health insurance.

via Zero out of 512 employers plan to drop health insurance, survey says.

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