The Congressional Budget Office has estimates that the Affordable Care Act could result in an exodus of 2 million full-time jobs from the U.S. workforce between 2017 and 2024, as employees who stayed in their jobs only for the health coverage choose to leave.

However, an April study of almost 800 Americans by Securian Financial Group finds that many are "job locked"–unable to leave their current positions because they can't buy health insurance on the open market comparable to the out-of-pocket cost and coverage they currently have through their employers.

The study finds that 40% of these job-locked employees (94% full time, 6% part time) would leave their jobs if they could buy comparable health insurance.   

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.