The House Ways and Means Committee plans to release a report Tuesday that says 71 of the nation’s top companies could save almost $30 billion in 2014 by dropping health insurance coverage for their employees.
The committee surveyed 71 companies in the Fortune 100 and determined they could save more than $28 billion in 2014 alone by dropping insurance coverage and instead paying the $2,000-per-employee penalty. Savings over the following decade could be $422.4 billion.
More on this topic in the Kaiser Health News (gated). HT: Michael Ramlet.