The Future of Health Insurance
One healthcare trend I am speculating on is the increasing importance of the health care insurance exchanges established in the ACA. I have commented in the past that I expect the US to move from an employer provided, to an employer reimbursed, model of providing healthcare coverge.
Some fodder for that opinion from today.
First is an S&P500 Capital IQ report on the (unintended?) savings that corporate America looks to realize from the ACA, by shifting the insurance responsibility to the employee.
Potential implications for companies include:
· Increased profitability for corporations since they may be relieved from the financial, regulatory, and administrative
burden of providing health care coverage as a traditional term and condition of employment.
· Utilizing health care coverage as a recruitment tool, as opposed to an expected or assumed benefit of employment.
· Grasping the opportunity to shift retiree health care benefits towards the exchanges, thereby reducing or outright
shedding long-term corporate expenses. IBM's recent actions provide a good example of this and are referenced later in this report.
And ther is also this 'HealthShots' article.Employers May Start Paying You To Buy Health Insurance
What if employers started giving workers a chunk of cash to buy health insurance on their own instead of offering them a chance to buy into the company plan? Are workers ready to manage their own health insurance like they do a 401(k)?
We may not be ready, but we should plan on being ready soon.