“The U.S. spent $8,402 per person on health care in 2010 ($2.6 trillion in total)...In 1970 total health care spending in the U.S. was about $75 billion, or only about $356 per person. ”
- Kaiser Family Foundation, Health Care Costs: A Primer, May 2012
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Do you know what Health Care Reform in 2014 means to your business?
Advocating for your employees’ health and wellness
Plans that attract and retain the talent you need
Helping you thrive in this new world of Reform and market changes
Unable to meet tight deadlines in the new health care law, the Obama administration is delaying parts of a program intended to provide affordable health insurance to small businesses and their employees — a major selling point for the health care legislation.
If a business can only offer one health plan option through the Health Insurance Exchange instead of being able to offer multiple plans from multiple carriers, then the Exchanges for small businesses will be much less attractive than many already view them. Ironically, private Exchanges will probably be first to market with multi-carrier exchange programs for small businesses. They already exist in California.