Health Care Reform     Obamacare  Juliana Thompson       GBS 221
Health Insurance Topics• Obamacare• Company reactions• Possible results
“Health Insurance in America: The Insured and the Unsure” Obama Said…“IF YOU likeyour health-care plan, youcan keep yourhe...
Firms Question…• Will firms keep company healthcare?• Will firms give a stipend for private health?• Will firms make emplo...
Facts• Obamacare begins January 1, 2014• Today 150 million Americans get health  benefits.• Post WWII era, tax-free employ...
Facts• Healthcare: doubled in last 10 yrs• Costs employer $15,745 a year to cover  employee with family.
Facts• Incomes of 100-400% of poverty qualify  for state subsidies• Companies may drop coverage  – the state can cover hea...
Drop Healthcare   in 5 Years• Small companies  may drop medical  insurance• Small – 21%• Medium – 8%• Large – 5%
McKinsey Study• 2011 - 30% of employers would drop  insurance after 2014• If the company understands health  reform - over...
Deloitte Study• 9% of employers will drop coverage in 3  years
Defined Contribution• Company pays employee a fixed sum for  private insurance.• Similar to fixed pension• A predictable c...
Defined Contribution• All companies  consider this option.• Small – 45%• Medium – 38%• Large – 32%
Workers Spend More on Health• Overprescribing: “My insurance will  cover it.”• Mercer - 43% of employers expect  workers t...
Workers Spend More• Large companies  prefer to shift costs  to workers• Small – 43%• Medium – 59%• Large – 68%
Expectations• Employees will become healthier to  minimize costs• Delay seeing doctor• Avoid doctor
Conclusion• Spending more on health• Increased responsibility on health users
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Health care reform

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This presentation was created for my statistics class to talk about the effects of Obamacare and the statistics mentioned in the article from The Economist.

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Health care reform

  1. 1. Health Care Reform Obamacare Juliana Thompson GBS 221
  2. 2. Health Insurance Topics• Obamacare• Company reactions• Possible results
  3. 3. “Health Insurance in America: The Insured and the Unsure” Obama Said…“IF YOU likeyour health-care plan, youcan keep yourhealth-careplan.”
  4. 4. Firms Question…• Will firms keep company healthcare?• Will firms give a stipend for private health?• Will firms make employees pay more?
  5. 5. Facts• Obamacare begins January 1, 2014• Today 150 million Americans get health benefits.• Post WWII era, tax-free employer healthcare• Wage freeze
  6. 6. Facts• Healthcare: doubled in last 10 yrs• Costs employer $15,745 a year to cover employee with family.
  7. 7. Facts• Incomes of 100-400% of poverty qualify for state subsidies• Companies may drop coverage – the state can cover healthcare• $2000 per person company fine
  8. 8. Drop Healthcare in 5 Years• Small companies may drop medical insurance• Small – 21%• Medium – 8%• Large – 5%
  9. 9. McKinsey Study• 2011 - 30% of employers would drop insurance after 2014• If the company understands health reform - over 50% would drop insurance
  10. 10. Deloitte Study• 9% of employers will drop coverage in 3 years
  11. 11. Defined Contribution• Company pays employee a fixed sum for private insurance.• Similar to fixed pension• A predictable cost for employer• Encourages workers to take control of their own health – lose weight or quit smoking
  12. 12. Defined Contribution• All companies consider this option.• Small – 45%• Medium – 38%• Large – 32%
  13. 13. Workers Spend More on Health• Overprescribing: “My insurance will cover it.”• Mercer - 43% of employers expect workers to pay more in 2013• 60% of Big companies willing to have employees spend more
  14. 14. Workers Spend More• Large companies prefer to shift costs to workers• Small – 43%• Medium – 59%• Large – 68%
  15. 15. Expectations• Employees will become healthier to minimize costs• Delay seeing doctor• Avoid doctor
  16. 16. Conclusion• Spending more on health• Increased responsibility on health users

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