News Headlines Article

Firms Drop, Rather Than Upgrade, Cheapest Health Plans
The Wall Street Journal

The nation’s largest provider of security guards plans to discontinue its lowest-cost health plans and steer roughly 55,000 workers to new government-sponsored insurance exchanges for coverage next year, in the latest sign of the fraying ties between employment and health care. The U.S. arm of Sweden’s Securitas AB SECU-B.SK +0.95% is among more than 1,200 employers that offer the kind of bare-bones health plans that must be phased out beginning Jan. 1 under the health-care law.

Nearly four million people are enrolled in these so-called mini-med plans, which cap benefits to participants, sometimes at as little as $3,000 a year.

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