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Drew Altman, President and Chief Executive of the Kaiser Family Foundation, shares his perspective on how affordable the Affordable Care Act really is, for both those insured in the marketplace and through employers.
Read the full article at: blogs.wsj.com
Specific to employer-sponsored healthcare, Altman cites research that shows "payments toward deductibles by consumers who have insurance through large employers rose 256% from 2004 to 2014; over the same period, wages increased 32%.” Altman discusses the financial pressure for employers to shift costs to employees, even when they know it’s not a great option. According to Altman “The question of how much cost-sharing is too much, and what to do about it, could be the next big debate in health care – once the political world moves on from its focus on the ACA."
Employers can reverse the trend of shifting the cost of health
insurance to employees through partial self-insurance - learn
more in The Nonprofit Executive's Guide to Partial Self-Insurance:
The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. This communication does not constitute a legal opinion and should not be relied upon for any purpose other than its intended educational purpose.
