One in 10 employers set to drop coverage

Posted on: Thursday, July 26, 2012

A new survey may be cause for concern for insurance agents, as it suggests many of the employers who provide health insurance coverage to their workers may stop doing so once certain federal healthcare reforms take effect.

The poll, which was conducted by management and consulting company Deloitte, found that approximately one in every 10 employers intends to drop the health insurance packages they offer to their employees. Respondents indicated they expect to make this change within three years of the implementation of a provision governing employer-sponsored healthcare.

The survey also showed that employers believe they have a good understanding of what the PPACA is all about. Nearly three in every four said they comprehended the individual mandate portion of the healthcare reform law. However, they were not as well-versed on how the PPACA would be implemented or delivered.

Additionally, employers were not altogether pleased with how the PPACA would affect the health insurance industry. Thirty percent described it as a "good start," while 59 percent said it was "a step in the wrong direction."

This latest survey may have industry professionals maintaining their wait-and-see mode as they determine how the law will affect their insurance customers.

Posted In: Insurance News, Health Insurance

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