One-fifth of small business owners who offer health insurance to their workers expect to significantly change their benefits package the next time they renew their health plan as a result of federal health reform, according to a new survey.
About 12% of small business owners say their health plans are or will be likely to be cut because of federal health reform.
...Moreover, an “overwhelming majority” or small business owners do not expect the federal health reform law to reduce costs or their regulatory burden, according to a new National Federation of Independent Business survey marking the one-year anniversary of the passage of the Patient Protection and Affordable Care Act in March 2010.
Likely changes to plans would include a decrease in benefits, an increase in employee cost-share, or both, according to the survey. Employers who even slightly alter their benefits packages to reduce costs will likely be exposed to more regulations and cost increases in the future under the health reform law’s provisions, the NFIP said.
...The survey found that nearly two-thirds of owners agree that the law will cause health insurance premium increases, without improving care.
That's the genius of Soviet-style central planning, folks. Having bankrupted Social Security, Medicare, and Medicaid -- and having stolen trillions for failed "stimulus" programs -- Obamacare could help the hard left Democrat Party put the final nail in the coffin of this republic.
Oh, and dude: if you liked your health plan, you most definitely will not be able to keep it.
2012 is coming.
You need to consider the source of this 'report'. McKinsey is a management consulting firm for the worst practices in US corporations. Jeff Skilling of Enron is a McKinsey product, now serving time in Federal prison. The two McKinsey principals were charged and adjudicated culpable in the Galleon insider trading case. They might actually recommend that their clients do this, but that does not mean their prediction is right.
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