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Poll: 30 percent of employers may drop health coverage in 2014Posted On Wed, June 8, 2011
A new poll is indicating that nearly one third of employers may stop offering employers health insurance when more aspects of the Affordable Health Care Act go into place in 2014.
The survey, conducted by McKinsey Quarterly, questioned 1,300 employers about the healthcare legislation, with a significant portion of the businesses questioned saying it would make more financial sense for them to drop coverage.
"At least 30 percent of employers would gain economically from dropping coverage, even if they completely compensated employees for the change through other benefit offerings or higher salaries," the study finds. The report goes on to say that the percentage of employers that would likely drop coverage increases to 50 percent among businesses with a "high awareness" of the health reform law, which was signed into law by President Barack Obama in March 2010.
According to the Kaiser Family Foundation, nearly 50 percent of Americans with health insurance are covered through their employer, while 28 percent have Medicaid or Medicare. More than 50 million Americans - 17 percent of the population - are uninsured.
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