There’s been an enormous amount of speculation about employers dumping workers from health care plans, thanks to the Patient Protection and Affordable Care Act. Now, two academic studies suggest an altogether different outcome:
While few employers will use the act to drop their health plans, at least immediately, millions of workers who are covered at work could instead choose insurance through state exchanges.
How many millions? Roughly 37 million, according to Dr. Jay Bhattacharya of Stanford School of Medicine.
“The reason is that these workers would qualify for substantial subsidies to buy exchange insurance,” he said.
In other words, the subsidized Obamacare premium will be less than what they pay for employer-based insurance.
In the meantime, another study, from the University of Michigan, found that most employers will continue to offer health coverage to employees, despite having the opportunity to do away with it.
The entire scenario can be found in the pages of the September issue of the medical journal Health Affairs.