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Survey: Health care costs expected to spike next year

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    Will employers be forced to drop insurance policies?

  • Duration 4:26
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Got some breaking news right now a new report just -- revealing some startling information.

About how president Obama's Health Care Reform could affect American workers.

National business group on health says that health care costs for large employers are expected to -- 7% next year.

That means some companies could be forced to pass those increases under workers to higher premiums and other cost doctor Marc Siegel for assessor of medicine and why he's flying go medical -- Fox News medically team we're good morning to you -- -- this is a big deal right now okay this group.

And out of Washington DC concludes what right now based on health care.

The national business health group -- they're saying that basically.

Premiums are gonna rise by 7% next year there's no free lunch bill your mom predicted -- my mom brother -- it my patients predicted if I'm gonna cover all preexisting conditions.

And I'm gonna have no lifetime limits and I'm gonna cover people up to the age of 26 and I'm gonna say you can't.

Dropped -- dropped.

Even if you're sick all great things.

If I'm gonna -- that it's going to cost money and so if premiums go up 7% employers can't afford -- and you know -- I'm worried about that.

A 170.

Million Americans.

Get their health insurance through their employers if employers can afford it they scramble what are we gonna do.

I'm gonna charge you more for your for your part of it we're gonna drop you or I'm gonna try -- here going to force me to drop my employer insurance exactly and pay the penalty in 2014.

In the state exchanges roll it.

Yes what employers are gonna do 71 out of a hundred surveyed.

By the ways and means committee of the house said they're going to start to draw.

-- some numbers from the study now when you explain this okay on the screen 60% plan to increase the percentage of the premium paid by.

Employees.

We talked about that -- 40% plan to increase in network deductibles.

32%.

Increase.

Out of pot shouldn't pocket maximum stability it did all of that goes to a higher.

Cost out of contract out of pocket of your deductible is higher means you're gonna have to pay a lot of -- your own pocket up to a certain point.

That's what that's all about -- -- cost sharing and people can afford it it sounds good pay more out of pocket but people can't afford to do so what we say they pass the increases on the worker.

You believe -- -- that's for -- happened but then again obamacare as a crutch that comes and and to get your policy to grandfather and you got -- decrease the deductibles so that's when your -- -- gonna happen which is employers are gonna drop a policy and when you start forcing employers to use a certain kind of policy.

Beginning in 2014 they're gonna drop -- pay the penalty.

Rather pay 2000 dollars if -- -- large employer than have to -- a penalty instead of the cost of employer I'm just reading this here mark employers are eyeing oh.

Variety of cost control measures billed as one airline one there's one I actually like.

Incentives to lose weight incentives that exercise more and incentives to quit smoking.

I love incentives for improved behavior there's only one problem with the there's no evidence whatsoever that that's actually going to lead to decreasing premiums why should it.

Why should it take so many years for us to see a benefit of that.

That by the time that actually happens if I tell you to exercise it's great but it's not gonna decrease the amount I have to spend on a very sick diabetic rats to go to the hospital.

We are in big trouble because we have an obesity epidemic in this country.

We're spending more and more and more money for where we're estimating four point seven trillion dollars on health care by twenty -- That's an incredible -- out of line here employers continue to make adjustments to the benefit plans to comply with additional provisions of the health reform law.

That tells me they're still trying to figure now.

Right but they're scrambling because they can't they're trying to figure it out -- They're scrambling because they can't afford these premiums we have a very tough economy right now there's a large unemployment rate that's gonna go -- If we are your situation as an employer that you either cut the health insurance -- you go out of business what are you gonna do.

You're gonna drop health coverage and you know what.

Patient goes to the state exchange the federal money subsidizes that comes out of taxpayer pocket that's what we call it entitlement -- Just reading through this now it's fresh off the wire here will go through it give you more contacts throughout the day here mark thank you don't agree with you initial reaction on this doctor Marc Siegel here.

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