NU Online News Service, June 14, 4:05 p.m. EDT
Employers will lose the right to retain their current health care plans if they increase deductibles or co-pays by more than the rate of medical inflation plus 15 percent under regulations unveiled by the Obama administration Monday.
Employers will also be unable to increase cost sharing by more than 5 percent.
According to an analysis by an industry trade group, that would mean a plan could not be grandfathered--or retained by employers--if it, for example, changes a co-pay from $30 to $45, a 50 percent increase, and the rate of medical inflation is 8 percent.
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