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Showing Original Post only (View all)Obamacare penalties spawn 'skinny' plans [View all]
Source: Politico
Employers heaved a sigh of relief when the Obama administration announced it would not enforce Obamacares mandate that large companies provide insurance to their workers next year.
But some companies plan to offer skinny plans designed to duck the biggest penalties anyway, according to industry consultants. And the Obama administration has extended its blessing to this limited coverage, even though it would not protect individuals from medical bills that could cause financial ruin in the case of severe injury or illness.
The health law spells out in detail the comprehensive coverage that insurers have to provide on the new insurance marketplaces or exchanges. But its nearly silent about what the employers who provide insurance to a majority of Americans need to include in their health plans.
There are no rules on how good that coverage has to be, said Gretchen Young, senior vice president of health policy at the ERISA Industry Committee.
Read more: http://www.politico.com/story/2013/07/some-workplace-health-plans-will-be-skinny-94239.html?hp=r12
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