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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (2479)	5/21/2019 1:59:58 PM
From: robert b furman	1 Recommendation Recommended By Winfastorlose Read Replies (1) \| Respond to of 13803

100 EMPLOYEES. 1000 TO 1500 DEDUCTIBLE 25 DOLLAR COPAYS 50 IN EMERGENCY ROOM MONTHLY PREMIUM OF AROUND 500.00 150 OF WHICH THE EMPLOYEE PAID Currently paying 1150 monthly premium (800) from me with 7500 deductible and copays are doubled. Company pays 350.00 Everything basically doubled while deductible went up 5 fold. At one time I was very proud to pay all the premium but rates went up before ACA - so had to share the costs. ACA went up not because I was cheating, but my employees had to pay for the health insurance that those not working got completely rebated due to low income. My employees worked - so they carried the non workers expense. Their was hospital expense of the poor included, but nothing like having a complete freebee like ACA provided. A business's most important insurance requirement ( for working a deal was/is the loss experience for the last 3 years. Something that ACA forbid be applied to the individual - that costs a lot of money! We had wellness classes and paid our employees to take products (like Chantix - to quit smoking). We were a smke free environment and had zero drug tolerance statements with preemployment urine tests screening new employees. We were far from free loaders, we were committed to reducing premiums. You can't give away a product so valuable as health care, to those who simply have low income. It costs money! Yes there were free loaders - poor going to the hospital and that did spread that cost to the working. The total cost of that substantial additional expense, pales to the cost the government rebated to those with lower income. There is no free lunch and the Supreme Court called it a tax. That is exactluy what ACA introduced to the working class. To blame it on Reagan's bill is a charade of false smoke and mirrors - what you been smoking ? Bob