Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Aligning with ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
August 03, 2010 02:00 AM

Most employers to retain healthcare benefits, study shows

Joanne Wojcik, Crain News Service
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    BOSTON (Aug. 3, 2010) — While the vast majority of employers are rethinking their health benefits strategies in response to the passage of the federal healthcare reform law, only a fraction are considering dropping benefits entirely, a survey by Fidelity Investments has revealed.

    In a survey of 459 employers conducted June 10-30, Boston-based Fidelity's benefits consulting group found that 84 percent of employers are taking a close look at their benefit packages in light of the health care reform law.

    But when asked whether their organization is seriously thinking about dropping health care benefits, most employers—64 percent—said they were not, though 20 percent indicated they were considering no longer offering health care coverage to their employees.

    A larger percentage of small employers, defined as those with 500 or fewer employees, than large employers said they were seriously considering eliminating health care coverage—22 percent vs. 14 percent.

    Instead, 55 percent of large employers, those with more than 500 employees, said they were considering implementing high-deductible consumer-driven health plans in response to the reform legislation. The percentage of small employers who said they were looking at such plans was 41 percent.

    Employers also expressed concerns about the potential cost of the legislation, with 49 percent of smaller employers and 25 percent of larger employers saying they expect it will increase their healthcare plan costs significantly in the short term.

    “Company executives are taking a close look at their overall benefit strategies in the wake of the new health care reform legislation,” said Sunit Patel, senior vice president of Fidelity's benefits consulting business, in a statement.

    “There is a lot of confusion out there about the real impact of the health care legislation and the accompanying costs,” he said.

    This report appeared in Business Insurance magazine, a Chicago-based sister publication of Tire Business.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Bridgestone to raise prices on consumer tires July 1
    2
    Updated: ATD to buy Monro tire-distribution unit for $105M
    3
    K&M acquires N.Y. distributor Midtown Tire
    4
    Michelin worker dies at Nova Scotia tire plant
    5
    Former Goodyear complex to be demolished in Akron
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Aligning with ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION