Focus on Health Care: Changes to Benefits Likely
More than four out of 10 retail and CPG executives surveyed expect to change their health care benefits policies due to the Affordable Care Act.
One in five predict the vast majority of their workers will seek insurance on a state or federal exchange as it becomes available, while 35.8 percent expect none of their workers will use the exchanges, according to original research by Retail Leader conducted in September.
The survey results suggest 39.2 percent of respondents don't offer health care insurance to workers currently, while 28.9 percent of respondents say their companies provide health coverage for full-time employees only. About 15.5 percent offer health coverage for full-time and part-time employees. About 22.7 percent offer dental coverage to full-time employees, and 7.2 percent offer vision care coverage to full-time employees.
Most companies offer some wellness benefits, with 72.7 percent offering flu shots, 38.6 percent offering blood pressure and diabetes screening and 31.8 percent offering smoking cessation assistance.
Retail Leader's economic survey suggests executives overall are more negative about business conditions than they were during the summer, with 32.0 percent describing the current situation as positive, down from 46.5 percent in Retail Leader's July/August survey. The future also looks cloudy, with 36.4 percent optimistic about the next six months, a 14.8 point drop from 51.2 percent in July/August.