Why the University of Minnesota wants to change employee health care plans

The prognosis for your wallet isn’t good. (libertygrace0 via Flickr)

University of Minnesota HR chief Kathy Brown tells MPR’s Catharine Richert that it is trying to dodge a $48 million “Cadillac tax” in the Affordable Care Act that tries to discourage employers from offering top-tier health insurance:

“We now are faced with the challenge of the Affordable Care Act and some of the requirements of that law. We’ve been blessed in the past that we have not had to ask our employees to pay deductibles … and we’ve been able to keep our premium trends down as much as possible.”

Richert reports that as soon as next year, the U wants to — among other things — raise some copays, require deductibles, and start a cheaper, less generous plan for Twin Cities-area employees.

Read the full story here.