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Politics : Foreign Affairs Discussion Group
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To: geode00 who wrote (214807)1/25/2007 6:18:46 PM
From: neolib  Read Replies (1) of 281500
 
Actually, employer-paid health insurance is much more than who pays the taxes. It is not just a 'benefit' but a way to keep employees who might otherwise bolt to another company.

So is pay. You can always covert the cost of the insurance & the tax penalty into equivalent pay, and simply pay that to the employee. The only difference is that the overall cost is lower for the company to "pay" the insurance, since it is treated as fully tax deductible. I repeat, it is only a tax issue.

Listen to Schultz of Starbucks. He says healthcare (costs more than the coffee at Starbucks and the steel at GM) in a collision course with time. At some point in the foreseeable future it will be a hugely destructive force...FOR FOR-PROFIT COMPANIES.

What is your point? I already pointed this out showing that private companies react to market forces, whereas governments just keep raiding the public trough to pay for their workers benefits. In fact, I'd love to know if the workers for Medicare have their retirements "fully funded" in the accounting for Medicare. I bet it is just rolled into some Federal line item, and this difference alone negates any financial efficency advantage that Medicare has over a for-profit insurance company.

You can look up insurance on your own.

I'm well aware of what insurance is, I don't think you do.
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