.

Report: One in Ten Companies To Axe Health Coverage

A majority of companies surveyed will continue offering health care as the Affordable Care Act goes into effect.

Nearly 10 percent of companies plan to drop the health coverage they offer their employees over the next several years as insurance costs continue to rise, Global Post reports

According to a survey conducted by Deloitte, 80 percent of companies plan on maintaining their coverage while the remaining ones are unsure as to how they'll proceed. The survey was administered before the .  

Small companies which employ between 50 and 100 people were likely to drop their health coverage, according to the survey, while larger companies with 1,000 or more employees were likely to continue offering it. 

Companies are planning to pass rising health care costs on to their employees via increasing copays, deductibles and premiums, according to the report.

Last year, the average health care costs rose nine percent while wages on average increased two percent. 

Roy Fuchs July 29, 2012 at 02:03 AM
Is this how small business owners will offset the loss of their Bush tax credits?
Tim Hendrie July 29, 2012 at 01:56 PM
THIS IS JUST A REASONED RESPONSE TO OBAMACARE. IT WILL BE CHEAPER TO PAY THE FINE THAT FUND THE COVERAGE. SIMPLE MATH. SO MUCH FOR OBAMA SAYING YOU CAN KEEP YOUR OLD PLAN. OBAMA WANTS EVERYBODY IN A SINGLE PAYER GOVERNMENT PLAN. DONT WORRY THE GOVERNMENT WONT ABUSE THEIR POWER!?

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »