Although a vast majority of employers plan to continue providing health care benefits for their employees, many are taking drastic action to mitigate the health care reform laws financial effects on their benefit strategies.
Despite the anticipated cost increases associated with the Affordable Care Acts various provisions including the coverage mandate for employers with at least 50 full-time employees, which takes effect next year for employers with 100 or more employees and in 2016 for employers with 50-99 workers almost 75% of employers say they definitely will continue offering group health benefits to their full-time employees in the coming plan year. However, that confidence seems to taper off, with just over half (55%) of employers saying they will very likely offer group health benefits five years from now.
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