Repealing ERISA

The lead editorial in today's Wall Street Journal makes the argument that if the Obama administration's current health care plan goes through, it would be the beginning of the end of most ERISA employer insurance offerings. According to the WSJ, the House bill says that after a five-year grace period, all ERISA insurance offerings will have to win government approval. The editorial suspects that many employers will sidestep that bureaucracy, throw in the towel (i.e., drop their insurance plans), and simply pay the 8% tax/fine (or whatever it winds up being) so that their EEs can be covered by the government's plan. The message for EEs: "If you like your health plan [now], you won't be able to keep it."


In the last paragraph, the editorial calls the House bill "one of the worst pieces of legislation ever introduced in Congress." Agree or disagree? tk


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