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Self funded plans, rather than fully funded plans, are less costly to employers, especially if the employer's stop-loss insurance is cheap, as it should be, from the government. The employer would then have a cheap healthcare plan, so he wouldn't have to gouge the employee. More cost savings to the employee, means a more healthy economy, and more jobs. This would be a modified version of Medicare, would allow for more competition among the healthcare plans. It wouldn't be single payer unless there is a dominant, low cost healthcare provider who has a good self funded plan. Catastophic loss would be carried by the government, and employers/employees would get a break.
Self funded plans, rather than fully funded plans, are less costly to employers, especially if the employer's stop-loss insurance is cheap, as it should be, from the government. The employer would then have a cheap healthcare plan, so he wouldn't have to gouge the employee. More cost savings to the employee, means a more healthy economy, and more jobs. This would be a modified version of Medicare, would allow for more competition among the healthcare plans. It wouldn't be single payer unless there is a dominant, low cost healthcare provider who has a good self funded plan. Catastophic loss would be carried by the government, and employers/employees would get a break.
Yeh, catastrophic loss would be carried by the government, which is funded by taxpayers, who take the loss.
Self funded plans, rather than fully funded plans, are less costly to employers, especially if the employer's stop-loss insurance is cheap, as it should be, from the government. The employer would then have a cheap healthcare plan, so he wouldn't have to gouge the employee. More cost savings to the employee, means a more healthy economy, and more jobs. This would be a modified version of Medicare, would allow for more competition among the healthcare plans. It wouldn't be single payer unless there is a dominant, low cost healthcare provider who has a good self funded plan. Catastophic loss would be carried by the government, and employers/employees would get a break.
Allow me to translate:
Employee's should take crappier insurance from their employers. That way it will be less costly for the employer. (duh) If the employer spends less money on the employee, then they will reward the employee by "gouging" him less.
Further benefits from employee's taking less benefits...more jobs for everyone!
( Because we all know corporations making their highest profits in history hire people out of the kindness of their heart....like what's going on now)
And where do you think the government would get the money to cover those losses????
The taxpayers, so No thanks.
If your health care is not important enough for you to pay the entire cost of your health insurance, why should I pay for your health insurance ????
Let me spell it out for you. Because for many, most likely not you because you are a special case, the costs per month for for-profit health insurance premiums are approaching mortgage rate costs, that's why. Do you get it now? By the way, I don't live in a potato patch of a town I live in the DC area, not cheap.
Yeh, catastrophic loss would be carried by the government, which is funded by taxpayers, who take the loss.
The reason why the CEO of United Healthcare paid himself a billion dollar bonus a few years back is because the healthcare companies with deep pockets charge employers a ton to provide Full coverage to their employees.You are already paying the catastophic insurance 'tax' but don't realize it. If companies were allowed to Self-insure, without the worries of the catastrophic claim, all employers and employees would see a reduction in what they pay. Ultimately the country would win, because the probability of expensive claims is spread over millions of people. This would allow companies to hire more freely, because they aren't taking such a hit on having to provide full coverage.
The reason why the CEO of United Healthcare paid himself a billion dollar bonus a few years back is because the healthcare companies with deep pockets charge employers a ton to provide Full coverage to their employees.You are already paying the catastophic insurance 'tax' but don't realize it. If companies were allowed to Self-insure, without the worries of the catastrophic claim, all employers and employees would see a reduction in what they pay. Ultimately the country would win, because the probability of expensive claims is spread over millions of people. This would allow companies to hire more freely, because they aren't taking such a hit on having to provide full coverage.
Government should reduce rising employer healthcare costs that get passed on to employees
I agree. Divorce health insurance from employment and institute a universal, single payer healthcare system.
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