UnThreaded | Threaded | Whole Thread (19) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308395  
Subject: Re: Poll: E-fund Date: 5/12/2013 1:33 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
A different approach might have been to require that the medical insurance premiums are covered by the employer at the same rate for three months if an employee has been laid off (not fired for cause).

A nice idea (along with universal coverage). However, the reality of the situation is that it would have never gotten through Congress, because there are too many employers that would have lobbied that they would drop medical coverage completely, rather than have to pay the additional costs to lay off employees. (After all, your differential was about $650, so it would have cost your employer an extra $2k to lay you off. Multiply that by, say 1,000 employees when a factory gets shut down, and it's an extra $2 million.) And nobody wants to be the Congressman who voted for the law that gave employers the excuse to drop medical coverage.

And given the system that was in place at the time, where you would lose your medical coverage the day you walked out the door, either voluntarily or involuntarily, the ability to continue coverage was a huge step forward. It cut one of the ties that employers had on employees, and allowed employees to be more proactive about choosing the best employment situation for themselves.

AJ
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (19) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Post of the Day:
Value Hounds

Not Cheering the Shire Deal
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement