Tuesday, June 07, 2011

Yikes: One in Three Employers Will Drop Health Benefits Under ObamaCare

ObamaCare in action:
Thirty percent of employers will definitely or probably stop offering health benefits to their employees once the main provisions of President Obama's federal health care law go into effect in 2014, a new survey finds.

The research published in the McKinsey Quarterly found that the number rises to 50 percent among employers who are highly aware of the health care law.

McKinsey and Company, which identifies itself as a management consultant that aims to help businesses run more productively and competitively, conducted the survey of more than 1,300 employers earlier this year. It said the survey spanned industries, geographies and employer sizes.

But the White House pushed back against the report.

"This report is at odds with the experts from the Congressional Budget Office, the Rand Corporation, the Urban Institute and history," a senior administration official told Fox News. "History has shown that reform motivates more businesses to offer insurance."

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