Obamacare's Achilles heel. Republicans fight Obama's plan to crush small businesses' self-funded insurance plans
The majority of U.S. employers now offer self-funded insurance plans, in which companies finance employee health plans from their own funds
. Many of the companies purchase stop-loss insurance plans from insurance providers. These companies would therefore avoid many Obamacare regulations when the law takes full effect in 2014. The practice of self-funded insurance, which was outright banned in early drafts of Obamacare, represents the “Achilles heel” for Obamacare implementation, according to insiders.
. Many of the companies purchase stop-loss insurance plans from insurance providers. These companies would therefore avoid many Obamacare regulations when the law takes full effect in 2014. The practice of self-funded insurance, which was outright banned in early drafts of Obamacare, represents the “Achilles heel” for Obamacare implementation, according to insiders.
Phyllis Borzi, the Obama administration’s assistant secretary for employee benefits security in the Department of Labor, is a well-known opponent of stop-loss insurance and is suspected of making behind-the-scenes moves to prevent small companies from providing it, according to Washington insiders. The Department of Health and Human Services is capable of implementing new regulations on self-funded insurance on a federal level.
Via: The Daily Caller in the Department of Labor, is a well-known opponent of stop-loss insurance and is suspected of making behind-the-scenes moves to prevent small companies from providing it, according to Washington insiders. The Department of Health and Human Services is capable of implementing new regulations on self-funded insurance on a federal level.Continue Reading....
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