No more coverage from some employers?
Before the ACA, the main reason employers offered health insurance as a benefit was to attract and keep employees. Now, some employers are re-evaluating whether the perk is worth the price.
Large employers who do not offer health insurance when it becomes required next year will face fines of up to $3,000 per worker. To some employers, the penalty may be less expensive than offering health coverage. According to a survey from the National Business Group on Health, 3 percent of large employers are considering eliminating coverage and paying the penalty.
Some companies are already dropping insurance for part-time workers. Target, for example, told part-timers that they will lose their health coverage. The retail giant is following in the footsteps of other major companies changing their benefits policies and encouraging workers to shop on the Obamacare exchanges, including Home Depot.
But most employers will probably stay the course regardless of the health care overhaul, predicts Lynn Quincy, associate director of health reform policy for Consumers Union, the policy arm of Consumer Reports.
"Employees expect an offer of health insurance when they're job hunting, and employers will probably continue to provide that, unless everybody in their industry no longer provides it," she says.