Of course, this very writer was predicting this from mid 2009 and onward (2) as ObamaCare is phased in more and more people and businesses are seeing the results. So much for Obama’s promise that ObamaCare would save you $2,500 a year.
NEW YORK–(BUSINESS WIRE)–Compliance with health care reform is already driving up costs for some employers’ group health plans, and a majority of employers expect price increases to be passed on to employees, according to a health care reform survey released today by the Willis Human Capital Practice, a unit of Willis Group Holdings (nyse:WSH), the global insurance broker.
“The survey suggests employers realize that costs of providing medical benefits will increase and that they will likely have to pass those costs on to their employees.”
This is what will hurt you most:
Employers expect that similar employers will pass increased costs on to employees: More than half of the responding employers felt that other, similar employers would pass more of the cost for dependent coverage on to their employees. One-third of respondents thought other, similar employers would reduce coverage to the lowest-cost package to avoid the “pay-or-play” penalty, and a majority of employers also thought that wellness programs would be expanded in scope. Finally, nearly two-thirds of the employers expected that employee contributions would be increased.
You read that correctly, the result will be increased costs to you AND reduced coverage.