A Congressional Budget Office report estimates that within the next 10 years, about 7 million people will lose health care coverage from their employers. The economic outlook issued this week varied from the CBO’s prediction last August that 4 million people would lose their employers’ health insurance. The CBO says the largest factor for the change is the reduction in “tax benefits associated with health insurance provided by employers” due to the Patient Protection and Affordable Care Act.
“We, as consultants, have seen an uptick recently in terms of employers asking, ‘What’s required of us and when do I have to adhere to them? And by the way, tell me what the financial impact of health care reform is,’” says Jim Blaney, CEO of the human capital practice at Willis North America. “Employers are playing catch up right now.”
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