With the passage of the Affordable Care Act (ACA) effectively turning private health insurance plans into a de facto government utility managed by bureaucrats in far away places, plan sponsors have become increasingly subjected to freedom robbing government mandates and punishing sanctions.
The health care delivery system has become a paradise of opportunity for lawyers and a dangerous minefield for plan sponsors.
Every day we get updates and reminders of the dangerous world of plan sponsorhood.
Below are seven articles/notices in our email box this morning:
- Gag Clause Prohibition and Attestation: How Can Health Plan Sponsors Comply?
- Are You Prepared to Comply with the New Mental Health Parity Final Rule in 2025?
- District Court Turns Back Challenge to Payroll Practices Exemption Under ERISA
- Employers Eye PBM Changes, Fearing Legal Threat
- How Employers Are Trying to Tame Healthcare Costs
- Employers Using Innovative Payment Approaches Experienced Lower Healthcare Costs
- 2025 Healthcare Cost Outlook: Drivers and Trend Insights
Employers are sick and tired of this crap. They are mad as hell. They want out of the health insurance business. To many it’s just not worth it anymore.
Is it time for plan sponsors to simply disregard the ACA? Or is there a solution that takes them out of the health insurance business by placing their employees in it?
Laurence Cass thinks so – “By allowing individuals to purchase their own insurance contracts, tailored to their specific health needs and financial capabilities, and enabling employers to contribute a defined amount towards these individual plans, ICHRA’s could revolutionize the current system.”
