Sunday, May 16, 2010

But Then They Knew This Would Happen

Is the Cure Worse than the Disease? - Reason Magazine
Even with penalties in place for employers who decline to provide health insurance, documents showed that Caterpillar could reduce its health care costs by as much as 70 percent and AT&T could save as much as $1.8 billion by shifting their employees into public programs.
So in the face of this, how long will you "get to keep your coverage" before you are thrown into the "public" system?

1 comment:

Jake (formerly Riposte3) said...

And how many of those employees will choose the "uninsured penalty" option - until they get sick and take advantage of the "pre-existing conditions" mandate to get coverage they haven't been paying in to?

I've said it before: If I were working in the health insurance industry right now, I'd be doing everything humanly possible to get out as fast as I could. Once the "health care reform" bill takes full effect, private insurance is going to have an extremely rough ride - if it can survive at all.