ACA Paperwork Poses A Big Problem For Businesses

Edgar's picture

Fewer and fewer employers are offering health benefits. In 2001, 68 percent of firms sponsored health plans. In 2017, that share dropped to 53 percent.

Part of the problem is that insurance premiums have soared, pricing many employers out of the market. For businesses with fewer than 200 workers, the average health plan cost about $2,900 per worker in 2001; it cost more than $6,400 in 2017.

But pricier policies aren’t the only reason that health benefits have grown less common. Onerous government regulations have had a huge impact. Compliance costs keep climbing -- and many firms are nearing a breaking point. They need relief so they can continue to offer health insurance to their employees.

 

 

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