Self insurance, which some analysts believed would become more popular among small businesses as a response to Obamacare, has yet to make inroads into that sector.
An analysis of self-insured businesses by size, released by the Employee Benefit Research Institute, found that, through 2013, about 12 percent of small businesses were self insured. That figure has remained steady since 1996, EBRI said.
"To the degree small employers are concerned about the rising cost of providing health coverage, self-insurance may become a more attractive means to mitigate any expected regulatory cost increases. … So far (up to 2013, the latest data available), there is no evidence that they are doing so," EBRI said.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
