Workers To Pay 14% More For Family Health Coverage

Yes. If my company was paying for most or all of my benefits then the announcement is made that I no longer have coverage effective "X" date the first thing that'll go through my mind is: "Where's my pay raise or cash to get my own plan."

Obama has it in his change drawer.
 
Yeah, but you're a smart guy and able to calculate that.......I am not sure that most look at it that way..........

For example, my mother in law had group benefits for the company that she worked for and she had these benefits for 5 years.

She switched to her husbands group plan because it was cheaper......but did not turn around and say to her employer "you are not paying for my benefits so give me a pay raise"...........

I am just not sure that the average Joe would calculate this......
 
Unions???

What are those???

Of course the larger companies with the Unions are going to kick up a fuss........that goes without question.

But since many jobs are now non union there is little that can be done.........

I guess maybe I view it differently. I view benefits as exactly that. Not part of my take home pay.

How many companies have scrapped their insurance plans and not increased their employees pay???
 
Yes. If my company was paying for most or all of my benefits then the announcement is made that I no longer have coverage effective "X" date the first thing that'll go through my mind is: "Where's my pay raise or cash to get my own plan."

And what will you do when they say there isn't any additional compensation? Quit?

In a good job market, that might be an option. Chances are, in todays environment, you say okay and then go back to work.

Dan
 
So....your Verizon and exactly how do you promote this? What's the press release look like? "We have decided to end all employee group benefits effective "X" date. Thank you.

Yeah...right. Remember, it's a net pay loss for the employee who used to receive "free" healthcare. Now they receive the same salary but have to shell out for their own plan? Won't happen.
 
I don't think you have to worry to much about companies with thousands of employees. Think more typical market, 5-50 employees, where healthcare premiums could be a substantial part of the budget.

So now, you have competing press releases, take your pick:
- Joes Furniture stopped health insurance benefits, but saving passed on to customers
--- or ---
- Joes Furniture is going out of business, health insurance benefits lost anyway. Jims furniture is raising prices to pay for health benefits

Besides, when was the last time you saw a press release on a company of 50 employees or less that had anything to do with reduction of benefits?

Dan
 
I can think of lots of companies that have reduced their benefit offerings yet did not increase their employees salaries.....
- - - - - - - - - - - - - - - - - -
"AT&T revealed that it spends $2.4 billion a year on coverage for its almost 300,000 active employees, a number that would fall to $600 million if AT&T stopped providing health care coverage and paid the penalty option instead. AT&T declined comment."

Thats interesting don't you think????
 
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