Firms to cut health plans as reform starts: survey
http://www.marketwatch.com/story/firms-halting-coverage-as-reform-starts-survey-2011-06-06While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will “definitely or probably†stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.
So much for universal insurance. 7% will get it, while 30% of companies will stop offering coverage. How stupid is this?
