Friday, March 9, 2012

Something to consider

As we hear of more and more employer groups doing whatever they can to deal with the dramatic health insurance increases caused by ObamneyCare©, it's worth remembering that employers don't really pay for health insurance now.

As we pointed out many years ago:

"Companies – businesses – pay neither taxes nor insurance premiums ... They pay employees a portion of their salary, and forward the balance to the insurance carrier (and/or state government)."

And in fact, this will be exacerbated the closer we get to 2014. Because it's extremely unlikely that the portion of one's pay currently going to the insurance company is going to end up in one's pocket.

Be careful what you wish for....

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