Wellness Programs are going to become a promoted feature in 2014 when the Affordable Care Act and the Exchange are put in place. The fee paid up front to partake in a Wellness Program brings the hope of reduced premiums in the future due to closer attention paid to an individual’s overall health.
Is this something your company would be interested in doing? Do you have a wellness program in place now?
It was expected that California would expand Medical in 2014 per the Affordable Care Act. This provision would expand Medical to make it available to people with incomes of 133% [ you may also see quoted 138% and both are right depending on how the calculation is done]Governor Brown is now indicating California may choose not to increase the eligibility due to a $4 billion cost to the state unless California is given waivers and law changes.
Those supporting the expansion say the Governors cost estimates are greatly overstated as the Federal government will be picking up most of the cost. They say the Federal government will pick up 100% of the cost the first three years and then phase down to 90%. Anthony Wright executive director of Health Access says the cost would be in the low hundreds of millions over several years
This will be a major issue between now and 2014.
For those of you in the Bay Area what do you see happening to the Bay Area’s economy in 2013? What do you see for your business? My thoughts are that the Bay Area economy should improve overall but small business opinions vary by industry.
Small Business California
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