90% of U.S. Workforce Will Shift to Exchange Plans by 2020, S&P Predicts
About 90% of the workforce at Standard & Poor's 500 companies will be shifted out of job-based health coverage by 2020, which could be the start of a trend among smaller companies, according to a report released yesterday by S&P Capital IQ. Researchers estimated that if the largest U.S. companies shifted their employees from employer-sponsored insurance plans to health plans offered through the Affordable Care Act's federal or state exchanges, such companies could save a total of about $700 billion between 2016 and 2025.
- "Report: Large Employers Could Shift Nearly All Workers’ Health Coverage to Marketplace by 2020" (Pugh, McClatchy/Sacramento Bee, 5/1).
- "Envisioning the End of Employer-Provided Health Plans" (Irwin, "The Upshot," New York Times, 5/1).