Will your health care come to an end?
Obamacare architect predicts employers will drop health care coverage forcing employees to get coverage on their own.
“This is a long article. If you are interested in the changing health insurance market, it is worth a read.” – Ron DeLord
Ezekiel J. Emanuel, who helped devise the Affordable Care Act, has a vision for how The Affordable Care Act will eventually work,” writes John Harwood for The New York Times. “Mr. Emanuel expects the law to produce an unadvertised but fundamental shift in where most working Americans get their health insurance — specifically, a sharp drop in the number of employers who offer coverage to their workers. That scale of change would dwarf what took place last fall, when a political firestorm erupted over President Obama’s “if you like your plan you can keep it” pledge.
The book: “Reinventing American Health Care: How the Affordable Care Act Will Improve Our Terribly Complex, Blatantly Unjust, Outrageously Expensive, Grossly Inefficient, Error Prone System,” makes the case that a number of well-known national companies will break the mold and begin a trend. By his estimation, the proportion of private-sector workers who receive health care from employers will fall below 20 percent by 2025. Currently, just under 60 percent of private-sector workers get health care from employers. Many health experts, both liberal and conservative, agree that it would be a good thing.
Even though the health law’s “employer mandate” requires that companies with 50 or more workers pay a penalty of $2,000 per employee if they do not provide health care, many large companies now spend far more than that to offer coverage. As a result, Mr. Emanuel says they will be able to pay the penalty, give workers a raise and shed the burden of providing coverage by sending workers to the public exchanges.