A study of small employers in Ohio shows full Obamacare implementation will cost $2,434 more per employee.
A Ohio Association of Health Underwriters survey shows that the end of transitional relief plans—often referred to as grandmothered health-insurance plans—will bring significant rate increases to small businesses when they renew in 2016. Their analysis found Obamacare-compliant plans will cost employers an additional $2,434.67 per employee per year.
The survey gathered data from 625 small businesses that are OAHU members, and the findings are staggering. A whopping 563—more than 90 percent—will see an average increase in premiums of 37.9 percent. In many cases, not only will the rates be shocking, but employees will find reduced benefits. Obamacare’s mandated metal tiers for benefits eliminate many options for small businesses, including some of the most popular options that were sold in Ohio.