Should employer be forced to pass strength insurance?
QUESTION:With the cost of health trouble,
DO YOU THINK EMPLOYEES SHOULD PROVIDE provide group health insurance for personnel to buy? No matter how small the group?
(i.e., individual insurance, contained by one way or another, is costly to those next to pre-existing conditions)
Answers: Absolutely not. It's time the government stopped mandate things for private industry. Let's consider HOW health insurance get linked beside employment to start with--government meddling:
Economist Thomas Sowell explains:
"When and why did condition insurance, paid by third party, become widespread surrounded by the American economy? Like so oodles things that the government does, third-party condition insurance grew out of problems created by previous government policies.
During World War II, the elected representatives imposed wage and price controls. This meant that employer who wanted to hire more workers be forbidden to offer high wages to attract them. So employers started offering many benefits instead. One of these benefits was employer-paid robustness insurance.
Since these benefits were not tax as income, and could be treated as a business expense by the employer, everybody seemed to be better past its sell-by date. But, long after the war be over and wage and price controls were gone, the notion that third parties ought to foot for health insurance continued on. Eventually the affairs of state itself got into the business of providing form insurance and now some politicians depict it as a scandal that not everyone have health insurance compensated for by third-parties.
This might make some sense if third-party insurance be cheaper or better than insurance that each individual pays for directly. All the evidence is that it is simply the opposite. When third party pay, use of the insurance -- and of the medical resources that it pays for -- have skyrocketed beyond anything contemplated at the outset."
http://www.jewishworldreview.com/cols/so...
Then there is the tremendous downside of the ERISA shield which Jamie Court discusses within Making A Killing at
http://www.makingakilling.org/contents.h...
This basically make them impervious to lawsuits for NOT providing proper coverage under the policies they go.
"because of how the law regard insurers who provide insurance via a patient’s employer, managed condition care providers can’t be held officially liable for poor decisions they make—even ones that directly contradict the patient’s doctor’s professional belief. The reason is that the courts be convinced that the managed safekeeping company is not acting so much as an insurer but rather as “an administrator of hand benefits.” That made issues with them a federal case—state court cases will be moved to the federal height at the request of the defendant (insurer). The benefit to them is that if the insurer/HMO loses the claim at that level, adjectives they can be held liable for is the cost of the benefit that was denied. Furthermore, if the forgiving dies before the ruling is issued, zilch is owed."
Cassandra Nathan's book Save America, Save the World citing the Court book.
So, what's the answer because you risk financial ruin without insurance. (In reality, you risk financial ruin WITH insurance because of their dishonesty. More than half of adjectives bankruptcies are for medical bills and MOST of those folks HAVE insurance).
There IS a sensible plan that does NOT force patients on it beside fear of fines; does NOT encroach the costs on employers; does NOT lift up our taxes; and DOES resolve another abuse of the taxpayer within its funding, provides for preventative care (moral and economical), and would prevent bankruptcy (more than half are cause by medical bills and most of those folks have insurance). Check it out:
http://www.booklocker.com/books/3068.htm...
It is not much cheaper for small group policies than for individual policies, so forcing a company to do this wouldn't give support to much anyway.
What we need to do is force our state legislature to create the regulation that many small groups or individuals can fastening together and get cheaper group rates. But, as the insurance lobbies are some of the biggest groups surrounded by the country, don't hold your breath waiting for your state to do anything.
Why don't you talk to your co-workers and boss and see if you can build this happen for your company? As a business owner I might be feeling like to contribute my time (or my HRs time) to look into and regulate this.
But, as I said, keep surrounded by mind that many small groups achieve hosed too. My policy was costing $425 per month per hand (7 on insurance) and over $900 for a family policy. My workforce, who are not extremely low paid could never afford to reimburse themselves, and the company's ability to foot is reduced with every ratification year (and price increase) and the loss of sales from foreign "competition".
Good luck.
It might gun down small businesses. What the US really needs is a national broad-spectrum health fastidiousness system similar to that in the UK and the rest of Europe. Lack of condition care is in fact hurting the US economy and stifling growth. If you want to be an entrepreneur you own to go short adequate form care currently. The US is lagging economically down other competing economies because of this.
The system we enjoy now is awful, even those next to benefits have ghastly healthcare and we pay a fortune for fruitless care. The solely people getting rich are the Health insurance providers who hold the money and then deny assistance. The system is broken and needs to be scrap. The US is going to lose it best workers as they get feed up and leave for countries where on earth staying healthy won't in debt you.
Well, it's going to be costly to the employer! If you have smaller quantity than 10 people surrounded by the group, it's going to be individually rated ANYWAY. So it's not resembling the group policy is going to be saving any money, it's freshly you're asking the employer to pay an second $12,000 per year per employee.
Sounds close to a recipe for layoffs, to me.
I can not add anything further to what have already been most eloquently stated within the above posts. I agree with them - small businesses newly simply cannot afford to pay for hand health insurance and stay surrounded by business competitively! CJ
What are liquidate Damages ?
I need to know what are liquidate damages and how do they differ from penalty ?I involve some details please.
Thanks
Answers: Those are REAL damages - from a real loss to something, translated into dollars.
Penalty damages are intended only to punish you - kinda resembling a speeding ticket fine - no one get hurt, it's just a punishment to you.
How can I get product liability insurance for a strange tot product I invented?
I have search for insurance companies and agents everywhere for this but the only one or two companies I enjoy found only insure multi-million dollar companies. I am simply starting out and need to find product liability insurance up to that time I can start manufacturing and selling. Please backing!Answers: You have to dance to an independent agent, who can put this out on the surplus market. I disagree near the guy that says find the largest agency - they're the ones most imagined to say this isn't worth their time, and debris to bother to quote you.
The direct writers - State Farm, Allstate, Nationwide, etc, are NOT going to be interested in this. An independent will find a company for you.
It's not going to be cheap. Plan on this coverage STARTING at $5,000, I don`t know more. And you'll have to hand over them a TON of detailed information, so it's probably going to take a couple weeks to grasp a quote.
Find the largest independent insurance agent in your nouns and speak with them. They will represent copious companies and can shop the product to the companies.
I am an independent agent and we have written lots product liability policies. If you contact enough independent agents you will find one next to a market for your product liability.
EDIT: The coverage by baptize you want to be looking for is..."Product and Completed Operations Liability"
I live in SA so things may diverge where you live.
I would walk about insuring your business beside a short-term insurance company and adding public liability to your policy normaly they will specify the amount.
I dont surmise there is such a entry as "product liability" insurance rather personal liability insurance and to be precise normaly dealt near by specialist insurers.
So I would go next to option A.