Coco Nova Health Company Information

City: Winterset
State: Iowa
Postal/Zip Code: 50273
Country: US

Profile:

Nova Health care is undergoing a radical change as the implementation of the Affordable Care Act transforms access to insurance coverage, while the cost of health care continues to grow. One study estimates that about 90% of workers at S&P 500 companies who currently receive insurance through their workplaces will enter government exchanges by 2020, according to S&P Capital IQ. That could end up saving the biggest U.S. companies nearly $700 billion between 2016 and 2025, the S&P researchers found.

The move parallels that of retirement plans over the last several decades and could signal a sea-change: Workers could one day manage their own health insurance like they do their 401(k) plans, with only a defined contribution from their employer.