It seems President Obama's statement is not exactly correct. Major companies are already evaluating the option of dropping employer sponsored health benefits and reported in this Fortune article that examines documents submitted by AT&T, Verizon, Deere and Catepillar to the House Energy and Commerce committee chaired by Rep. Henry Waxman.
The original intent of the committee was to show that these companies had incorrectly claimed write downs based on the health care legislation. Instead, the investigation showed the companies' write downs were proper and revealed that these companies had done cost analyses on providing health insurance to employees versus paying the penalty for not doing so. All four companies concluded it would significantly lower costs to get out of the business of providing health insurance, i.e. eliminate providing health care, pay the penalty, and let the government manage health care insurance in the future.
Based on this article, I believe the following must be true:
At this point, none of the mentioned companies have dropped health insurance for their employees. Also, my company has not communicated any changes to my retiree health insurance. However, based on the Fortune article, I will be certainly will be more interested the types and costs of insurance coverage in exchanges, since I may be participating in the future.
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This is not financial or insurance advice. Please consult a professional advisor.
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