Health insurers are predicting an increase in self-funded health insurance plans by U.S. employers in response to the Patient Protection and Affordable Care Act (PPACA).
According to a study released Monday by Munich Health North America, a subsidiary of reinsurer Munich Re, employers are expected to increasingly do away with providing group health insurance to their employees and are expected to instead self-fund their plans.
"The trend toward self-funding stems from employers' desire to maintain a level of flexibility and control in the design and financing of their employees' health benefits," said Richard Phillips, president of Munich Health North America's Reinsurance Division.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
