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What companies lobby against socialized medicine? Employer based health insurance is ridiculously expensive and the cost is usually hidden from the employee. Yo

by bko 4y ago

What companies lobby against socialized medicine? Employer based health insurance is ridiculously expensive and the cost is usually hidden from the employee. You get quoted a salary net of benefits. And a lot of jobs are required by law to provide insurance which means the mandate could be a huge percent or the employees overall cost to the employer. This is closer to employee 401k since you take it with you if you leave, which has been very beneficial even compared to pensions as you don't have to bet on your current employer being around and able to support the benefits 30 years from now

lotsofpulp 4y ago
The law should require this disclosure upfront, or at least the proportion of premium of the metal level, such as employer will pay 50% of silver level plan within x network. The employer is required to disclose total premium cost on the W-2 however, line 12 code DD I believe. White collar employees that have marketable skills really benefit from being able to silo their risks in employer pools, because their healthcare costs are lower than those of blue collar workers. I specifically remember people complaining about increasing premiums after Affordable Care Act because they would have to subsidize sicker people who simply did not have insurance in the first place, and I believe former Senator Lieberman from Connecticut, home to many health insurance companies, was able to capitalize on this and strip the “public option” from the Affordable Care Act. https://en.wikipedia.org/wiki/Public_health_insurance_option https://en.wikipedia.org/wiki/Public_health_insurance_option The whole thing is an exercise in splitting the populace into various tribes of haves and have nots and pitting them against each other. Another handout to big businesses by government is the pre tax purchase of health insurance premiums by a business for employees, but if an employee of a business that does not offer insurance subsidies buys it themselves, they have to pay with post tax income.
wildrhythms 4y ago
>What companies lobby against socialized medicine The health insurance companies? Both Ds and Rs collect millions in lobbying efforts from the healthcare industry; it's the 6th largest industry in terms of campaign contributions, more than the oil and gas industry. https://www.opensecrets.org/federal-lobbying/sectors/summary?id=H https://www.opensecrets.org/federal-lobbying/sectors/summary...
goodpoint 4y ago
> What companies lobby against socialized medicine? The ones who want cheap labor.

by bko 4y ago

lotsofpulp 4y ago

The law should require this disclosure upfront, or at least the proportion of premium of the metal level, such as employer will pay 50% of silver level plan within x network. The employer is required to disclose total premium cost on the W-2 however, line 12 code DD I believe. White collar employees that have marketable skills really benefit from being able to silo their risks in employer pools, because their healthcare costs are lower than those of blue collar workers. I specifically remember people complaining about increasing premiums after Affordable Care Act because they would have to subsidize sicker people who simply did not have insurance in the first place, and I believe former Senator Lieberman from Connecticut, home to many health insurance companies, was able to capitalize on this and strip the “public option” from the Affordable Care Act. https://en.wikipedia.org/wiki/Public_health_insurance_option https://en.wikipedia.org/wiki/Public_health_insurance_option The whole thing is an exercise in splitting the populace into various tribes of haves and have nots and pitting them against each other. Another handout to big businesses by government is the pre tax purchase of health insurance premiums by a business for employees, but if an employee of a business that does not offer insurance subsidies buys it themselves, they have to pay with post tax income.

wildrhythms 4y ago

>What companies lobby against socialized medicine The health insurance companies? Both Ds and Rs collect millions in lobbying efforts from the healthcare industry; it's the 6th largest industry in terms of campaign contributions, more than the oil and gas industry. https://www.opensecrets.org/federal-lobbying/sectors/summary?id=H https://www.opensecrets.org/federal-lobbying/sectors/summary...

goodpoint 4y ago

> What companies lobby against socialized medicine? The ones who want cheap labor.