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Thread: U.S. companies hoard record amount of cash

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by washunut View Post
    No I mentioned several factors you cling to one, falsely. While it is true that co-pays and the percent that employees pay for their insurance has gone up, it does not nearly cover the increases that companies have to pay. Also as you will learn that insurance costs are largely fixed. That is regardless of salary the cost to insure is the same. Thus the cost of insuring a low wage person as a % of their income is much higher than a VP.

    Fixing HC delivery system would help, but not enough.

    It is good that people are passionate about these types of issues. Just wish they actually understood the nuances versus the one line campaign slogans. Would make debating on sires like this much more fun.
    many low wage people aren't even offered health insurance by their employers. they are covered by medicaid or not at all. and if not at all, they go to the emergency room for care, and then you and i pay for it in the form of premiums and ridiculously high costs for routine procedures.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Helix View Post
    many low wage people aren't even offered health insurance by their employers. they are covered by medicaid or not at all. and if not at all, they go to the emergency room for care, and then you and i pay for it in the form of premiums and ridiculously high costs for routine procedures.
    Instead of wanting to argue, please first read what I said. Everyone who works for a large company (at least the companies I have worked for or know about) has the ability to join the company's plan. There are good arguments on either side of this debate, why not stick to real ones.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by washunut View Post
    Instead of wanting to argue, please first read what I said. Everyone who works for a large company (at least the companies I have worked for or know about) has the ability to join the company's plan. There are good arguments on either side of this debate, why not stick to real ones.
    because a lot of people don't work for large companies, or they aren't granted the privilege of full time. it's stupid to tie health insurance to specific employment. it's bad for both the employer and the employee. plus, some plans are good, and some are absolute ****. that shouldn't depend on where you work.

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    Re: U.S. companies hoard record amount of cash

    The employer mandate is coming, without the dire consequences predicted:

    3/22/2015

    Employers Warm To Obamacare, Stick With Coverage


    Five years after employers were considering terminating health coverage due to costs and other issues related to the Affordable Care Act, companies have largely changed their tune as fears have not been realized, according to a new analysis.

    Just three percent of employers are now likely to terminate health plans for active employees, according to Mercer, one of the largest employee benefits consultancies and a subsidiary of Marsh & McLennan.

    The percentage of large employers that say they are likely to terminate coverage and send employees to the public exchange has fallen each year since the ACA was signed into law – from 9% in 2010 to just 3% in 2015,” Beth Umland, Mercer’s director of research for health and benefits, told Forbes.

    “Given that the penalty for not offering coverage under the ACA is far lower than the average per employee cost of health coverage – which hit $11,641 in 2014 – it’s not surprising that nearly one out of 10 employers saw terminating their health plans as a likely option back in 2010,” Umland added. “But in fact, virtually no large employers have jumped ship so far, and today few are even considering it.

    Mercer’s survey of employers comes less than three months after employers with 100 or more workers in January were required by the Affordable Care Act to offer 70% of their full-time workers coverage. In 2016, employers with 50 or more full-time workers have to start offering coverage.

    Employers see offering health benefits as important to keeping the best workers. “Few employers want to risk being the first of their competitors or in their markets to drop health benefits, especially in an improving economy,” Umland said.
    Employers Warm To Obamacare, Stick With Coverage - Forbes

    That's what I said a few years back, you can threaten to drop insurance and throw your employees into the exchange, but the deductibles are very high in the exchange and if your competitor still offers health insurance through the company and it is superior (and they pick up the bulk of the cost), you will lose employees. This is a key benefit. Its that important.
    Last edited by finebead; 04-04-15 at 09:05 PM.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by joG View Post
    Now that is a hard nosed aproach and heartless!
    What is heartless is setting up an environment that is hostile to business, and pointing people towards government. Not just heartless but perverted. But that is the Socialist.
    ...we've been quite content to produce
    an unaware and compliant citizenry.


    Demokrat elite discussing Demokrats: Ivey(D) & Podesta(D)


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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Helix View Post
    many low wage people aren't even offered health insurance by their employers. they are covered by medicaid or not at all. and if not at all, they go to the emergency room for care, and then you and i pay for it in the form of premiums and ridiculously high costs for routine procedures.
    You are forgetting that individual policies have always been available. Nobody has to go through their employer.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Helix View Post
    because a lot of people don't work for large companies, or they aren't granted the privilege of full time. it's stupid to tie health insurance to specific employment. it's bad for both the employer and the employee. plus, some plans are good, and some are absolute ****. that shouldn't depend on where you work.
    If we were to end up on single payer....all plans would be ****.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by ObamacareFail View Post
    You are forgetting that individual policies have always been available. Nobody has to go through their employer.
    before the ACA exchanges, most of the employment non-specific plans were hopelessly expensive, and your choices depended on where you live. even after the ACA, that's often still the case. the best plans have always been employer based. that's a poor way to distribute access to health care.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by ObamacareFail View Post
    If we were to end up on single payer....all plans would be ****.
    that's not the case in other first world nations, and i don't see seniors rioting in the streets and demanding to be kicked back to the for profit health care industry.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by finebead View Post
    The employer mandate is coming, without the dire consequences predicted:


    Employers Warm To Obamacare, Stick With Coverage - Forbes

    That's what I said a few years back, you can threaten to drop insurance and throw your employees into the exchange, but the deductibles are very high in the exchange and if your competitor still offers health insurance through the company and it is superior (and they pick up the bulk of the cost), you will lose employees. This is a key benefit. Its that important.
    9% to 3%, huh? Big deal. That is an opinion piece posted at Forbes that deals mainly with large employers. Problem is that most Americans are employed with small employers. They are the ones that are devastated by the mandates of Obamacare. They are the one's dropping coverage or restricting new hires to 30 hours or less. Like it or not, Obamacare has been a disaster from the beginning, and the worst is yet to come.

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