Under the new Walgreens policy, “the firm will pay a fixed amount for employees to select coverage options in a private insurance exchange run by Aon Hewitt, a consulting unit of Aon PLC.
1) These are not Obamacare exchanges but rather a private insurance vehicle that is similar.
2) depending on the fixed amount, this is a typical employer paid with employee contribution health care plan - nothing new.
3) there is no mention of Federal subsidy
IBM is also doing this. Lump sum payout to get your own insurance.
Yes, my wife works for one, Benefitfocus..They went public today and stock doubled.