Yeah, this is a few days old … How about this: A business leader who doesn’t like subsidizing non-insuring employers! Go figure.
Robert A. Baker , president of the nonprofit Smaller Business Association of New England, said most of his 700 members already contribute more to employee health coverage than the standards require. The reform plan signed last year by former governor Mitt Romney specifies that companies are exempt from a $295 per employee annual assessment if they make a “fair and reasonable” contribution to employees’ healthcare. Specifically, businesses can avoid the fee if 25 percent of their workers participate in a company-sponsored plan, or the companies pay at least one-third of the insurance premium.
“Most of our people provide 50 to 80 percent premium contribution, and very few provide less than 50 percent,” said Baker. “Thirty-three percent seems to be abnormally low if you want to keep good people working for you.” Fifty percent, he said, “should be the standard.”
See, someone’s going to pay for that care if the non-insuring employers don’t. And passing the vast costs off to employees — or the state, for that matter — is trying to get blood from a turnip. The new law has created a new set of expectations, and there’s no reason for some businesses to continue to get a competitive advantage for externalizing what should be their own costs.
Great to see even more employers calling for an end to the shell game of sloughing off costs to employees, and engaging in real shared responsibility — which most of them already do! Good on you, Mr. Baker. Keep it up.