Foster: Win/Win to Drop Coverage
During a Health Subcommittee hearing on the true cost of the health care law, CMS Chief Actuary Rick Foster today told Rep. Mike Rogers (R-MI), "For businesses that have relatively low-income workers, it can turn out to be a win/win for them to drop their former coverage and assist their employees into getting coverage through the exchange."
What a difference 21 months and one massive law make.
"If you like your health care plan, you'll be able to keep your health care plan, period."
(President Barack Obama, remarks at the annual conference of the American Medical Association, June 15, 2009)
"it can turn out to be a win/win to drop their former coverage..."
(CMS Chief Actuary Rick Foster, testifying before the Health Subcommittee of the House Energy and Commerce Committee, March 30, 2011)