Thursday, May 01, 2014

Companies Could Save $600 Billion By Dumping People onto Obamacare Exchanges

I guess the hated Obamacare website is going to get a huge number of new enrollees as companies dump health care as a routine perk.

We may soon go back to a model in which employers provide healthcare more as a perk than as a routine benefit, requiring workers to get insurance from other sources. That could save big companies up to $700 billion by 2025, according to a new report from S&P Capital IQ. It’s hard to think of any other single change that could save companies that much money, indicating how powerful the Affordable Care Act (ACA) could become once it has fully impacted the U.S. healthcare system.

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