A new government report states that at least half of all group health insurance plans,https://higginscompanies.com/health-insurance/group-health-insurance/ , will have to change insurance plans, even if the employees are happy with the plan they have. If you are a small employer you are even more likely to lose your health insurance policy. Two thirds of small employers will be forced to change their group medical insurance plan. If you like your health insurance you can keep it was the promise, the reality is that this is not true in most cases. https://higginscompanies.com/health-insurance/individual-health-insurance/
The term, “bait and switch,” comes to mind. These figures are government figures, imagine what the reality will be. Eighty or ninety percent of small employers will lose their health insurance and be forced to buy much more expensive group medical plans that qualify under ObamaCare. Or they will drop their group insurance policies, which is much more likely. It will be cheaper for them, and once one employer drops their group health insurance all the other small employers will follow suit to remain competitive.
Michael Higgins
An Arizona health insurance broker.
602.405.8769