Source: Towers Watson, May 2010
From the press release:
Employers have little hope that the Patient Protection and Affordable Care Act (PPACA) will help them achieve their top goals to decrease health care cost trend and improve workforce health. Indeed, most employers are convinced that health care reform will lead to increased costs and a stepped-up exodus from employer-provided retiree medical coverage, but they remain committed to their role in providing employer-based coverage — at least for now, according to the findings of a May 2010 Towers Watson survey on health care reform.
Although employers appear to be bracing for the worst, they are just beginning to assess the broader impact of the law on their health benefit strategies and total rewards programs.
This survey of more than 650 mid- to senior-level benefit professionals provides a snapshot of how employers are responding to a host of health care reform challenges that have far-reaching implications for retention, recruitment, productivity, workforce planning, change management and every aspect of the evolving employer-employee deal.