predicted that “nearly everyone” will end up buying government-approved health coverage through exchanges. Several independent analyses have given credence to this.actuary Richard Foster has
After all, a Ways and Means Committee report shows that Fortune 100 companies each save more than $400 million by not offering insurance and sending employers to exchanges. Deloitte finds that at least nine percent of employers will drop coverage. McKinsey’s estimate is 30%. The Congressional Budget Office estimates that seven million employees will lose employer-based coverage. The Economist reports on similar trends.
If you end up buying health coverage through a government-run exchange, worry about having a narrow provider network and long waits for appointments. Also worry that the the policies will cater to healthy plan holders and under-provide to the sick.
- Politically-controlled health benefits exchanges crowd out private exchanges
- Private health exchange to compete with politically-run government exchanges
- Stopping Obamacare: 10 Reasons to Oppose the “Exchanges”
- Under Obamacare, Employers Will Likely Engage in ‘Targeted Dumping’ of Employees