No ones talking about it, because, other than small companies trying to save cash, its not too likely many people are going to be doing it.
Let see, you will give me $X toward some premiums that I have to go shop for on my own.... but you will indirectly pay so much for.... whether that’s the full premium or not... okay. So I have no real leverage other than an individual buying coverage....
Meanwhile, big companies shop and negotiate their insurance because they are buying large quantities, and as such get better overall deals.
The author greatly overstates the impact this is likely to have long term for the industry or most Americans. Which is why, it isn’t getting, or likely to get much press.
In fact I would expect in a year or two you are going to start seeing stories where american’s used this program but bought cheap incomplete coverages and are complaining about how their insurance doesn’t cover this or that....
I have nothing against this program, but the proponents of it making claims it will DRASTICALLY shift the balance of the industry, don’t understand the industry at all. IMHO
It isn't a perfect analogy but it's very much like the transition from defined benefit to defined contribution plans.
It's a way for the company to lay risk off onto the employee and the market while still claiming to offer the benefit.
I could see it becoming pretty widespread.
Could not be further from the truth.
If you do your homework, my policy covers anything an employer policy would do...
In all honestly it’s not that much more money but you have control over the insurance, especially if you lose your job for some reason...
what would really help is allowing organizations to offer policies, for example if the NRA were able to negotiate with insurance companies on behalf of all their members it would be fantastic....
Getting away from an employer based system would be huge