The expansion would mean employers have an incentive to stop offering coverage
By Chris Pope. He is a senior fellow at the Manhattan Institute. Excerpts:
"The ACA aimed to help low-income working households that lacked an offer of job-based benefits. But the ACA’s reforms made policies unappealing to customers paying full price. Healthy Americans stopped buying plans, premiums more than doubled, and insurers hiked deductibles and stopped covering the best hospitals."
"whereas the ACA’s original subsidies were on average worth $293 (5%) less to households than the value of the tax exemption for employer-sponsored insurance, the expanded subsidies would be worth $3,960 (65%) more. That creates a huge incentive for employers to stop offering health benefits."
"From 2019 to 2025, the share of companies with 50 or more workers offering benefits declined from 94% to 91%, and the proportion of those with 10 to 49 workers fell from 67% to 54%."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.