Many experts believe that if left unchanged the Patient Protection and Affordable Care Act will lead to the end of our employer-based health insurance system. There are a few sections of the bill that help lead to this conclusion.
First of all there are going to be increased burdens and restrictions on group plans. Several of these have already started: extending children's coverage to 26, preventive care with no cost sharing, and the removal of lifetime maximums are just a few examples.
There are also future restrictions on plan designs. In 2014 the maximum exposure an employer plan can have for the employee is $2,000 for single coverage and $4,000 for family coverage. These regulations will obviously drive up premiums.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
