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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Jon Koplik who wrote (13731)2/23/2013 12:31:42 AM
From: The Ox3 Recommendations  Read Replies (3) of 33421
 
Sorry Jon but that article is total BS. Why do people believe these scare tactics???? The employers are required to provide a plan....not pay for it in total!!!!!!

$40/hour is equivalent to $80k per year at 40 hours a week. Nobody pays nearly $7000 a month for a healthcare insurance policy!!!!

Asking an employer to supply the employees with healthcare insurance WILL cost the employer a few bucks per employee to establish and maintain a plan. Even $300/month per employee, depending on what % the employee is asked to cover for themselves would imply that the employer is contributing at least 2/3s of that 300 to the employees coverage.

If you are paying an employee $12/hour and the employee is working a 40 hour week, the additional cost to provide health care MIGHT be an additional $2 or $3 an hour.....not an additional $40/hour.

A business is required to provide a health plan but they are NOT required to pay for the employees coverage in total!!!

NOTE:

An employer will negotiate with a health insurance provider to get the best possible rates for insuring his employees. This rate will usually be significantly better than the rates an employee would pay securing comparable coverage on his own. This is because bargaining with a group of employees as a whole carries more negotiating power than bargaining for a single individual or family. Once the premium rate is established, the employer will then decide how much of the premium the company will pay. Some choose to pay none of it, simply allowing the negotiated discount to be the employer portion. Others will pay the lion's share or even all of the premium amount. Although the employer is free to choose what plan and portion he intends to pay for, the law states that the decision must be company-wide. The owner and CEO must have the same coverage, and the same employer contribution, as the lowest-status full-time employee in the company.

Read more: Employer Contribution to Health Insurance | eHow.com ehow.com
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