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Monday, August 25, 2014

Although Many Employer Health Plans Are Skimpier, They're Gobbling Workers' Wages

Obamacare: Government does it cheaper and better.

"Progressives and Conservatives Agree: Single Payer Healthcare Is Inevitable"

http://paxonbothhouses.blogspot.com/2014/08/progressives-and-conservatives-agree.html

Many employers will offer skimpy plans despite ACA. "Many thought such skimpy coverage would be history once the health law was fully implemented this year. Instead, 16 percent of large employers in a survey released Wednesday by the National Business Group on Health said they will offer in 2015 these so-called skinny plans along with at least one insurance option that does qualify under ACA standards. The results weren't entirely unexpected. Last year, it became clear that ACA regulations would allow skinny plans and even make them attractive for some employers. But this survey gives one of the first looks at how many companies followed through." Jay Hancock in Kaiser Health News and NPR.

Meanwhile, health premiums have gobbled up workers' wages. "To lasso runaway costs, companies are increasingly asking workers to pay more of the costs of their medical care. Most large U.S. employers are offering 'consumer-directed health plans' next year that typically have high deductibles. They’ll be the only option at one third of the big companies that answered questions for a new survey by the National Business Group on Health....Employers are gravitating to plans that combine high deductibles with health savings accounts often funded by both company and worker contributions. Workers use the accounts to pay for doctor visits or other care until they reach a deductible of often $1,500 or more, when the health plan starts paying." John Tozzi in Bloomberg Businessweek.

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