For millions in U.S., a harsh reality: It's not safe to get sick

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Wry Catcher, Jul 8, 2012.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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    Consider, this was reported in 1991:

    •U.S. Labor Department surveys of large and medium-size companies that offer health insurance for 31 million employees show that the percentage of those employees with fully paid coverage for themselves alone fell from 75 percent in 1982 to 48 percent in 1989, the latest period studied. (Large and medium-size companies employ 100 or more people.)

    •At those same companies, the percentage of employees with fully paid coverage for themselves and members of their families fell from 50 percent in 1982 to 31 percent in 1989.

    •The average monthly employee contribution for individual health-care protection rose from $9 in 1982 to $25 in 1989 - an increase of 178 percent. During that same period, the average weekly paycheck went up 25 percent.

    •The average monthly employee contribution for combined individual and family health-care protection rose from $27 in 1982 to $72 in 1989 - an increase of 167 percent.

    •Because part-time workers seldom receive fully paid fringe benefits such as health insurance and pensions, their numbers are growing exponentially. Companies like this arrangement because it reduces costs. At Wal-Mart, now the nation's largest retailer, 40 percent of the workforce is part-time. At Kmart Corp., it is 47 percent. At Sears, Roebuck & Co., it is 55 percent.

    •As a result of the largest increase in corporate bankruptcies since the Great Depression, millions have lost their health insurance protection. The bankruptcy surge is continuing unabated.

    •Faced with steadily rising expenditures for the health-care costs of retirees, companies are curtailing or eliminating a benefit once promised for life. Millions of future retirees will see their coverage disappear. The government's General Accounting Office estimates that companies paid $9 billion in retiree medical costs last year, but should have set aside $32 billion for future payments. They did not.

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    For millions in U.S., a harsh reality: It's not safe to get sick
     
  2. Katzndogz
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    Katzndogz Diamond Member

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    obamacare is just like veterinary medicine. You take your dog to the vet who tells you how much care and treatment will cost. You look at your bank balance and decide if the 15 year old pooch is worth spending a few thou on now. Then you tell the vet to give the pet the last shot. The dog has no say in the matter.

    Only with obamacare, the government is the owner of us all.
     

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