A growing number of Americans are no longer getting healthinsurance directly from work as companies quit administeringbenefits, sending about 40 million people to shop for their owncoverage by 2018, a new study estimates.
Instead of picking a companywide health plan, employers areincreasingly giving workers financial support to choose their ownfrom a menu of options. For 2015, 6 million workers selectedcoverage from markets run by private benefits administrators,according to a study from Accenture Plc.
That's double the previous year, when employees of WalgreensBoots Alliance Inc., Sears Holdings Corp. and Darden RestaurantsInc. all had to go shop on their own. By 2018, a quarter ofemployees who get insurance through work will pick a plan throughthe private markets, according to Accenture.
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.
