We will all have healthcare at A TINY FRACTION OF THE COST we're now paying.
You know, my firm offers several health insurance plans. One of them, the most popular one among single employees, and those who don't obtain it via an offering from their significant other's employer, is 100% subsidized by the firm. (It's for individuals only -- there's no family option associated with that plan -- but it's still 100% free to them.) If/when the GOP repeal and replace O-care, I wonder whether that plan will remain low cost enough that the firm can fully subsidize it.
What does that plan cover? Everything except experimental procedures and experimental drugs.
- Co-pay for office visits and procedures -- $25
- Co-pay for outpatient hospital procedures and visits -- $75
- Co-pay for inpatient hospital (or similar) procedures -- $300 for up to $500K in treatment
- Co-pay for prescription meds -- $10
- Fully paid substance abuse rehabilitation for one six weeks (allowed once every three years and comes with three months of "job protection" for employees whose last semi-annual eval rating was "meets expectations" or higher [1] -- that's just something the firm does to make sure people who need to "get clean" and do not worry about their job if do so)
- Regular dental checkups/cleanings, and "simple" fillings -- free
- Annual ophthalmic exam and two pairs of prescription glasses -- free
I share that only to point out that though the plan is free to the employee, it's not a "BS" plan that's of no value.
Note:
- "Meets expectations" is a rating that one can earn, but one won't get promoted with it. If one doesn't within a three to five year period (depending on one's level) obtain more "exceeds expectations" than "meets" ratings, one is "out counseled." Because the firm is "up or out," one does not need to ask for a promotion. We only want professionals who can advance to partner because firm revenue growth depends on partners -- the more partners there are, the more revenue there is and the more the firm grows. There's no "rocket science" to it.