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WSJ: Employers Turn to Alternative for Insuring Staff

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antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-30-07 11:08 AM
Original message
WSJ: Employers Turn to Alternative for Insuring Staff
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http://online.wsj.com/article/SB118575682869181838.html

>>
Many small businesses have trouble providing health coverage because the costs of paying benefits for a handful of ailing employees drive up the premiums for their entire staffs.

Now an entrepreneur in Utah, relying on a wrinkle in U.S. tax law, thinks he has found a way around the problem. His idea: Employers should stop providing group health insurance and help employees get individual policies instead.

Paul Zane Pilzer, a 53-year-old economist, occasional rabbi and author of books like "God Wants You to Be Rich," isn't just concocting theories. His sales method has drawn interest from .
>>

Yes, that's just what we need -- get people out of group coverage and get an individual policy instead.
Sure.
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Vinca Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-30-07 11:10 AM
Response to Original message
1. Would that be the individual coverage that won't cover
someone with a pre-existing condition for any amount of money?
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DBoon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-30-07 11:12 AM
Response to Reply #1
3. no prob for him
seeing as how God has already made him rich.
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antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-30-07 11:20 AM
Response to Reply #1
4. Yes, Vinca, CAN YOU BELIEVE THIS?????? n/t
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-30-07 11:24 AM
Response to Reply #1
5. Yep, that's the one
That's some catch, that Catch 22.

Get sick, kiss full time work as a regular employee goodbye or find a job that doesn't offer health insurance, anyway.

Get sick, be punished for the rest of your life by a country that hates its people.
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blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-30-07 11:11 AM
Response to Original message
2. You would think that bidness big and small would realize a single-payer system
Edited on Mon Jul-30-07 11:12 AM by blondeatlast
would take a tremendous burden off of their shoulders.

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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-30-07 11:27 AM
Response to Reply #2
6. Not if they're making money from the insurance industry. Or laundering money through it. nt
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Norquist Nemesis Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-30-07 11:30 AM
Response to Original message
7. Anyone have stats on employers that stop health insurance due to
"increasing costs", but fail to transfer and of their "savings" to their employeers who are now having to foot the cost at higher individual rates?

Seems the only ones making a killing are the insurance companies and more profits for the top dogs (who, most of them, can already well afford individual insurance rates). :shrug:
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