June 6, 2011, 6:54 p.m. EDT
Firms to cut health plans as reform starts: survey
30% of companies say they’ll stop offering coverage
LOS ANGELES (MarketWatch) — Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows.
While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will “definitely or probably” stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.
http://www.marketwatch.com/story/firms-halting-coverage-as-reform-starts-survey-2011-06-06
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