Could ObamaCare sound death knell for employer-based health coverage?
(By Ed Morrissey, Hot Air) - Yes, says a Democratic governor. No, says the White House. And the private sector will wait for one or two major employers to dump health-care coverage before beginning a stampede, the AP reported over the weekend, as businesses look at the expanding costs of health insurance in the mandate-filled world of ObamaCare:
While it’s too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes.
“The economics of dropping existing coverage is about to become very attractive to many employers, both public and private,” said Gov. Phil Bredesen, D-Tenn.
That’s just not going to happen, White House officials say.
“The absolute certainty about the Affordable Care Act is that for many, many employers who cover millions of people, it increases the incentives for them to offer coverage,” said Jason Furman, an economic adviser to President Barack Obama.
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