Insurance Broker | Financial Consultant, Lawrence Insurance Consulting, Southern New Jersey
No, statistically around 99% large companies in the US (200+ employees) offer health benefits, about 96% of medium companies (50-199 employees) offer health benefits, and about 92% of small companies (<49 employees) offer health benefits. There may be a significant impact on the small employer statistics as state and federal exchanges become available. However I can confidently say that any such statistical shift in the small employer health benefits market will most likely be a short term (perhaps 3-5 year) variation that will in time reflect a very small impact in the % of small businesses offering health benefits. The complex structuring options and technical details will render the small business exchanges as effective at delivering optimal results as online tax software is in helping someone who is not well versed in accounting manage pay-roll and state/federal tax obligations/deductions. Also the businesses who do not provide meaningful benefit programs to their employees will find it hard to compete with the other companies who are able to leverage such programs to provide them with a distinct competitive advantage.
That being said the exchanges will revolutionize the marketplace of individual health insurance policies.
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That being said the exchanges will revolutionize the marketplace of individual health insurance policies.