Obama health plan would raise coverage, some employer costs

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in Employee Benefits Program,Human Resources

President-elect Barack Obama has said his plan for universal health coverage would reduce health care costs and save American businesses $140 billion a year.

A new analysis by PricewaterhouseCoopers’ (PWC) Health Research Institute predicts Obama’s plan would likely reduce the number of Americans lacking health insurance by about two-thirds.

It would do so largely by requiring big businesses to provide health insurance for their workers or else pay into a federal fund that would provide coverage. That could lead to higher costs for some employers.

Obama’s strategy to reform the American health care system requires all employers except start-ups and very small businesses provide coverage for their employees. It also contains a number of other requirements for businesses. Among them:

  • In what’s known as a “pay-or-play system,” large employers would have to offer “meaningful coverage or make a meaningful contr...(register to read more)

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