Jun 6, 2012
boyce

Fatter Cats

Check out the astonishing rise in CEO pay in the United States:

Source: http://telltalechart.org/

1 Comment

  • Because the employers are painyg a HUGE chunk of the bill usually 50% to 90%. It doesn’t actually cost LESS, it costs MORE. You just don’t SEE it, because they’re footing the tab. As to why it doesn’t cost the same per person . . . because with an employer, the healthy young employees pay the same as the old sick ones, they AVERAGE the rate. So the rate for an employee might be $500 a month (and the employer pays $300 of it). When the healthy young employee shops around and buys private coverage, it might cost them $125 a month less even than their share. But when the old sick employee shops around, it might cost THEM $1200 a month. Health insurance, after all, is ONLY sharing of cost . Everyone pools their money, and the claims are paid out of the pool. The more claims that get submitted, the more the rates have to go up.