Employers Brace for Financial Impact
According to an analysis from consulting firm Towers Watson, an overwhelming 94% of US employers believe that HealthCare reform will actually increase costs. “While many employers have not yet assessed the full impact that reform will have on their businesses, they do realize that the responsibility to hold costs down will fall primarily on their shoulders," says Mark Maselli, North American health and group benefits leader for Towers Watson. (See Benefits Selling Magazine)
The foreseeable increase in costs will not come solely from premium increases, but also from the task of managing the additional reporting, compliance, and payroll burden. Clients of G&A Partners will see increased support and transition assistance to offload much of the administrative burden associated with HealthCare reform.