Note: this should not be taken as tax or legal advice.
- The health benefit market is currently dominated by “defined-benefit” health plans that will shift to "defined contribution" health plans similar to 401(k)s
- The primary driver of this shift is U.S. Employers need to limit exposure to health-care costs
- The Health Reform law will accelerate the shift
"A misleading survey by McKinsey & Co. has suggested the potential for huge declines in employer-based health insurance. But projections from the Congressional Budget Office and other respected researchers generally point to only a modest net decrease."
In a single sentence, Orszag calls McKinsey & Co. "misleading" for suggesting a decline in employer-sponsored health insurance and the Congressional Budget Office "respected researchers" for suggesting the opposite.
Did we mention Peter Orszag was a former director of the Office of Management and Budget?
