3 ms·
Not just that, but you have to consider the sticky wage effect - If group healthcare was outlawed, by how much do you think your employer would increase your sa
by Tyrek 9y ago
Not just that, but you have to consider the sticky wage effect - If group healthcare was outlawed, by how much do you think your employer would increase your salary? Would it be politically feasible for govt employees to receive the salary increase commensurate to the previous value of their healthcare benefits? There's a lot of questions there, and most of the intuitive answers aren't good for the average employee.
- seanmcdirmid 9y agoIt's funny, because why the USA has health insurance as an employer benefit in the first place is because of the wage freezes during WW2. Many of us know exactly how much our employers are spending on our health insurance premium. Some even talk about your total compensation package, if that number goes down, you'll definitely know in that case. More to the point, wages are used to attract employees, and employers still have to compete on that. Incidentally, since I wasn't eligible for housing fund match or 401k-style matching at my last employer because of my nationality, they gave us a 10% adjustment on our salary. So that just didn't disappear in smoke.