Report Predicts End Of Employer-Provided Health Plans
Thursday, May 01, 2014
The Affordable Care Act could save the biggest companies in the U.S. billions of dollars in the coming decade, as employers drop low-wage and part-time workers from company health plans and shift them towards health care exchanges, where they can buy their own health insurance.
That’s according to an analysis by the investor research firm S&P Capital IQ. It predicts that by 2020, 90 percent of workers at S&P 500 companies — companies like Boeing, Caterpillar, Exxon Mobil, Kellogg and Target — would shift coverage to exchanges.