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With health law, workers ponder the I-Quit option

March 21, 2014
Associated Press

CHICAGO (AP) — The nation's new health care law may offer an escape from worry about unexpected medical bills for some people, but for others it offers another kind of escape: the chance to quit their job.

Federal experts believe the new insurance option will be a powerful temptation for job-weary workers who are ready to move on to new opportunities. Congressional budget analysts estimated that within 10 years, the equivalent of 2.5 million full-time workers could be working less.

With the law's uncertainties, it's a financial gamble, but one that some people are willing to take. Experts believe that workers in their 50s and 60s, who may have accumulated savings, will be most likely to give up job-provided insurance for policies on the new public exchanges.

 
 

 

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