One-third of employers will cut health insurance benefits for employees over the next few years, according to a survey of 1,300 employers conducted by McKinsey and Company.
The McKinsey and Company research found that after 2014, when many provisions of the Obama administration's health reforms kick in, many employers expect to "definitely" or "probably" stop offering company-sponsored health coverage.
The findings differ significantly from those of previous surveys and research. For example, the Congressional Budget Office previously estimated that only 7 percent of employees covered by corporate health plans would have to look for insurance alternatives.
Some White House officials have questioned the results, saying the analysis is starkly at odds with previous analysis and the experience of Massachusetts, which passed its own version of healthcare reform and has since seen an increase in the number of employees with employer-sponsored health plans.
The survey also found that while 30 percent of employers say they will stop offering health coverage after 2014, the percentage rises to 50 percent among employers with a "high awareness of reform." The research also suggested that at least 30 percent of employers would gain financially by dropping coverage.
Read the ABC News report on employer-sponsored healthcare coverage.
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The McKinsey and Company research found that after 2014, when many provisions of the Obama administration's health reforms kick in, many employers expect to "definitely" or "probably" stop offering company-sponsored health coverage.
The findings differ significantly from those of previous surveys and research. For example, the Congressional Budget Office previously estimated that only 7 percent of employees covered by corporate health plans would have to look for insurance alternatives.
Some White House officials have questioned the results, saying the analysis is starkly at odds with previous analysis and the experience of Massachusetts, which passed its own version of healthcare reform and has since seen an increase in the number of employees with employer-sponsored health plans.
The survey also found that while 30 percent of employers say they will stop offering health coverage after 2014, the percentage rises to 50 percent among employers with a "high awareness of reform." The research also suggested that at least 30 percent of employers would gain financially by dropping coverage.
Read the ABC News report on employer-sponsored healthcare coverage.
Related Articles on Billing, Coding and Collections:
Focusing on Coding Processes Key to Orthopedic Centers
How a New Jersey ASC Moved In-Network
CMS Lifts Marketing Enrollment Ban on Aetna Medicare