By Sam Baker - 06/13/11 07:56 PM EDT
Stearns said McKinsey’s findings are consistent with HHS’s own estimates. He cited the department’s regulations on “grandfathered” health plans, which govern the type and scope of changes that a health plan can make before it’s considered a new plan and therefore becomes subject to the new healthcare law.
According to HHS, half to two-thirds of all employer plans will likely lose their grandfathered status by 2013.
That doesn’t necessarily mean those employers will quit offering insurance — only that they can’t keep offering the exact same plans they provide now.