Why a Health Insurance Penalty May Make Sense

Obamacare unintended consequences--

Why a Health Insurance Penalty May Look Tempting - NYTimes.com: "Once new health insurance exchanges are up and running in October, companies with 50 or more full-time employees will face a choice: Provide affordable care to all full-time employees, or pay a penalty. But that penalty is only $2,000 a person, excluding the first 30 employees. With an employer’s contribution to family health coverage now averaging $11,429 a year, taking that penalty would seem to yield big savings."

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Why Your Employer May Drop Your Health-Care Plan

Why Your Employer May Drop Your Health-Care Plan - Businessweek: " . . . Fear of backlash from workers keeps many employers from dropping coverage, as Bloomberg reported in December. Tax deductions for health spending also encourage businesses to keep offering benefits. Still, while few admit it publicly, many American companies would love get out of the health insurance business. For employers, providing health insurance is expensive and the cost increases are unpredictable. Their competitors in most other wealthy nations don’t have to bear the same costs: That’s usually the government’s job. . . ."


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