Most employers are not considering canceling health benefits as a result of the year-old health care reform law, according to a pair of recent surveys. The Affordable Care Act (ACA) may be politically unpopular, but employers assume that it will be a business fact of life for the foreseeable future.
Health benefits still key
“Health insurance remains a recruiting and retention tool,” said Amy Bergner, an attorney and health policy expert with the benefits consulting firm Mercer.
Speaking earlier this spring at the Society for Human Resource’s Employment Law and Legislative Conference, Bergner said maintaining health benefits is, for now, a business imperative for most employers. “The fact of the matter is, if you drop health insurance, you will probably have to pay your employees more. That could knock out any savings gained by discontinuing coverage.”
Employers seem to agree. A survey of more than 1,000 companies...(register to read more)
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