Estimate Employer's Cost on Offering Small Group Health Insurance

Discussion in 'Health Care Reform Forum' started by sam816, Apr 9, 2015.

  1. sam816
    Offline

    sam816 Super Genius

    Posts:
    176
    Likes Received:
    0
    I know the basic process of quoting a small group, but when someone wants a quick estimate on employer's cost based on the size of a group and average age, is it possible to give him a ballpark number? are there survey data available for each state (AZ is what I need this for)?

    TIA.
     
  2. AllenChicago
    Offline

    AllenChicago Guru

    Posts:
    8,354
    Likes Received:
    11
    State:
    Illinois
    July 29, 2015

    Another set of burdens being placed on the back of small business, courtesy of ObamaCare..

    "Small businesses are once again in the cross-hairs of ObamaCare, particularly the growing small businesses the economy needs to create much-needed jobs.

    Starting in 2016, businesses with 51 to 100 employees will face fines of $2,000 to $3,000 a year per employee if they don’t provide ObamaCare-compliant health insurance for their workers. Also starting next year, these companies will be forced into insurance pools that could increase premiums for most of them by an average of 18%. That means they would be mandated to purchase health insurance that, for most, would be much more expensive.

    The change will affect more than 150,000 businesses and more than three million workers."

    Ref: Small Businesses Face New ObamaCare Threats - Forbes
     
  3. scagnt83
    Offline

    scagnt83 Guru

    Posts:
    6,543
    Likes Received:
    34
    State:
    South Carolina
    Employer Sponsored Health Insurance should be eliminated. It should have been done years ago. This is one of the main reasons we are in the mess we are in today with Obamacare.
     
  4. cornelius322
    Offline

    cornelius322 Expert

    Posts:
    21
    Likes Received:
    0
    State:
    Alabama
    That was a primary goal of the Wyden-Bennett Act.
     
  5. scagnt83
    Offline

    scagnt83 Guru

    Posts:
    6,543
    Likes Received:
    34
    State:
    South Carolina
    That is true. Although if I remember correctly, HAA also included mandatory employer subsidies to employees. Plus an Individual Mandate & tax-payer subsidies, just like ACA ended up having.

    All we needed was a return to the individual market, expanded Medicaid for low income, & a national high risk pool (perhaps administered by a private insurer).
     

Share This Page