Academic journal article Journal of Accountancy

Health Care Reform Will Hurt, Say Major Corporations

Academic journal article Journal of Accountancy

Health Care Reform Will Hurt, Say Major Corporations

Article excerpt

A survey of 57 large corporations conducted by Buck Consultants, Inc. found most were deeply dissatisfied with national health care reform initiatives. A majority of those polled (54%) said mandating health care benefits would hurt their organizations. Only 18% said it would help and another 18% believed it would have no effect on their companies. The rest had no opinion.

The corporations were particularly distributed about the possible effect of a new payroll tax to fund a national health insurance system. When asked about the long-term impact of such a tax, 75% of the respondents said they would decrease the level of medical benefits, 47% said they would reduce other employee benefits and 35% said they would decrease the number of employees. None of the respondents thought a new payroll tax would lead to increases in the levels of medical or other employee benefits or in the number of employees.

Even if the tax exclusion for employer-paid health care was limited under a national health plan, a majority (52%) of the respondents would continue to offer benefits at current levels. …

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