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Small Group Health Insurance 'Cancellations' -- The Next Shoe to Drop But a More Complicated One
Bob Laszewski's Health Care Policy and Marketplace Review
Nov. 21, 2013
"Many employers are facing significant changes in order to comply with Obamacare and therefore price increases. One Maryland broker ... has 90 small group accounts ... his smallest increase was 15%, his largest was 69%, and most are in the 30%-40% range. (By comparison, Mercer just announced the average large employer health care cost increase for 2014 will be 5.2%, meaning small groups could have reasonably expected an increase under 10% without Obamacare.) ... [T]he simplistic, 'Small employers are better off dropping coverage and sending them to the exchange,' is just too simplistic. It's a lot more complicated than that."
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