When 87 million to 115 million Americans lose their current healthcare coverage,...

how will that impact you or your business?

Extracts below come from the WSJ June 16th column entitled The Bad News About ObamaCare Keeps Piling Up : It's now obvious that many millions will lose the coverage they have.

How can you protect yourself from this risk OR find a way to make lemonade from the lemon situation?

“In his brilliant exposition of why sweeping policy changes often have unintended consequences, the late sociologist Robert K. Merton wrote that leaders get things wrong when their "paramount concern with the foreseen immediate consequences excludes the consideration of further or other consequences" of their proposals. This leads policy makers to assert things that are false, wishing them to be true. Perverse incentives in his new law will cause most Americans to lose their existing insurance.”

“Health plans would no longer be grandfathered if a business changes insurance companies (a common practice when employers shop for lower prices), raises deductibles more than 5%, drops any existing benefits, or even increases co-pays by as little as $5.”

“Complying with these new rules would raise costs for companies who provide coverage, reduce competition among health insurance companies, and discourage efforts to make employees more price conscious. The Obama administration itself estimates that these draft rules could cost up to 80% of small employers and 64% of large employers their grandfathered status. This translates to between 87 million and 115 million Americans losing their current coverage. “

http://online.wsj.com/article/SB10001424052748704198004575310773636609374.html?mod=WSJ_hp_mostpop_read

Whether your business uses off-site facilitated sessions, contingency planning, enterprise risk management or other tools to control your financial destiny, how will you plan for both dramatically increased costs and probable unhappy employees as you are forced to pass on dramatically increased costs or dump them in the Government medical system?  What else can you do to capitalize on hidden high return opportunities, while limiting exposure to risk to offset near term looming heath care cost risks..

 

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