Recently, McKinsey and Company released a survey claiming that a significant number of employers will stop offering insurance to their workers in 2014. The survey left us with more questions than answers. The article from McKinsey was at odds with a series of respected independent analyses and McKinsey previously declined to release critical information about how the survey was conducted.
Today, McKinsey acknowledged that this report is at odds with these independent analyses and said the report was not intended to predict whether or not employers would offer health insurance. Here’s what McKinsey said today:
The survey was not intended as a predictive economic analysis of the impact of the Affordable Care Act… We understand how the language in the article could lead the reader to think the research was a prediction, but it is not.
And the new information makes clear that the survey is flawed and raises new questions:
And hidden in the results are some points that didn’t make it into the report:
The Affordable Care Act will make health insurance more affordable and make it easier for employers to offer coverage to their workers. In fact, a new study released today from Avalere Health, a respected consulting firm, looked at the validity of the various analyses published on the subject and found that the employer-sponsored health insurance market will be stable after 2014 and that “large employers are unlikely to stop offering coverage …” And as we learn more, it’s become clear that this one flawed study from McKinsey is truly an outlier.
Nancy-Ann DeParle is the Assistant to the President and Deputy Chief of Staff