I’m shocked that business would do things to evade being sucked into Obamacare!<\/p>\n
It turns out that 68% of employers are self-insured. That means they pay the actual expenses of their employee’s health care – small employers have the option of buying a “stop loss” policy that kicks in if a single employee crosses over a threshhold of expenses (typically at least $10k).<\/p>\n
Those wascally capitalists pigs also have set up private insurance exchanges that are not part of the Obamacare risk pool. Here is a story from Forbes<\/p>\n
http:\/\/www.forbes.com\/sites\/brucejapsen\/2013\/09\/07\/instead-of-obamacare-large-employers-will-keep-coverage\/<\/p>\n
The origin of this concept was created in ERISA passed originally in 1974. One of the advantages to large employers is it exempts them from state insurance control and taxation of their plan<\/p>\n
http:\/\/www.siia.org\/i4a\/pages\/Index.cfm?pageID=4546<\/p>\n
That page indicates that 50 million people are currently in those self-insured plans. The Obamacare people have figured out that as employers figure out what Obamacare is, they’re going to increase the number of the self-insured employers which will cause the Obamacare pools to not have the money they were expecting. The Center for American Progress is unhappy.<\/p>\n
http:\/\/www.americanprogress.org\/issues\/healthcare\/news\/2013\/08\/16\/72190\/the-threat-of-self-insured-small-businesses-to-people-of-color\/<\/p>\n
“Fortunately, this dangerous trend can be prevented without congressional legislation. The solutions are simple: Health and Human Services Secretary Kathleen Sebelius, whose federal rulemaking authority includes the ability to set minimum standards for states, could broaden certain insurer definitions so that both stop-loss policies and self-insurance are subject to the reforms of the Affordable Care Act.”<\/p>\n","protected":false},"excerpt":{"rendered":"
I’m shocked that business would do things to evade being sucked into Obamacare! It turns out that 68% of employers are self-insured. That means they pay the actual expenses of their employee’s health care – small employers have the option … Continue reading