Business Boondoggle: Shedding the Cost of Health Care | The Fiscal Times - 0 views
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business portability true cost of insurance
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he actions of these other employers don’t detract from the unique nature of Walgreens’ decision. Two months earlier, the retailer announced its partnership with the Department of Health and Human Services to extol the benefits of Obamacare to its employees and its customers. Their website still features the effort, and brochures continue to be distributed even while the corporation itself realizes that compliance must force it to abandon employer-provided health insurance for the people in the stores distributing the brochures to customers.
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With the CBO predicting that rising health-care costs would increase at twice the rate of other federal spending, the same increase in costs will now be borne almost entirely by employees. Finally, it appears that the private-exchange option will satisfy the employer mandate, which means that the employees cannot bail out of these private exchanges in order to qualify for federal subsidies, which prevents the employers from having to pay increasing fines for non-compliance.
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nce, and now employees will get more than just one or two options at open enrollment, with twenty-five plans available in the Aon exchange.
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This arrangement makes the consumer the customer of the exchanges from the very beginning. A termination would only impact the subsidy, which the consumer/employee could negotiate as part of his compensation package with his next employer.
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is to restore price signals on health care back to the consumer through the elimination of third-party payers and middlemen.