Sent: Monday, April 02, 2012 6:20 PM
Subject: Health Care Reform Bulletin #3
PPACA’s future
Today we tackle the possible impact to employers if PPACA is ruled unconstitutional by the US Supreme Court.
Although you can read the entire article from BusinessInsurance, the following excerpt provides great insight on the impact to employers.“Employers also would lose the opportunity to take advantage of provisions in the law that may have led to lower costs and improvements in care quality, such as research into treatment efficacy and outcomes.
“Once you provide a benefit, even if legally you can take it away, as a sense of company morale, it is very difficult to take it away; and this has been a very popular benefit,” said Chantel Sheaks, a principal at Buck Consultants L.L.C. in Washington. “It's the same issue for companies that lost their grandfather status and gave preventive care without copayments. Human resource departments will be getting a lot of phone calls.” - (http://www.businessinsurance.com/article/20120401/NEWS03/304019981?tags=|62|307|306|74|278|305|339|342)
Possible options
There are many possible options that the Supreme Court, Legislators and President Obama can take. Listing out the options is one option but the visual flow chart presented by National Journal provides a much better view.
Moving Forward
This is clearly not the last legal challenge or resolution to fix the health care situation in America. Regardless of the outcome of the court in late June, employers need to be prepared for any and all outcomes.
The Kaiser Family Foundation update today details the steps that health insurers are taking to be prepared for any possible outcome. One of the more interesting comments was from CIGNA’s CEO, David Cordani. "The broader health care debate is way larger than the individual mandate," Cordani said during an interview in his sunny corner office, just a few hours after some of the justices seemed ready to strike down the mandate.
In the same way, employers are preparing for possible options including exchanges which will be the topic for tomorrow’s conversation.
Have a questions, thought or comment? Post it to ask.businessolver.com or reply to this email.
Regards,
Jim Gallic | businessolver | North East Sales Director | office 908.360.1500 | mobile 908.303.0454 | email jgallic@businessolver.com | twitter: jgallic | LinkedIn: jgallic
No comments:
Post a Comment