This is why employers should be in favor of universal healthcare, or at least single payer. It will save them money. I don’t get why all the other industries kowtow to the health insurance industry.
Still. Universal healthcare would also eliminate a reason for workers to leave for a competitor with better healthcare options.
Overall, the US healthcare insurance system puts American employers at a major disadvantage compared to global competitors that don’t have to worry about healthcare and other basic benefits.
Taxes. Healthcare lets a company effectively pay someone more money and get a tax break on that money. Universal Healthcare then makes both an effective pay cut and tax increases for business. The business may end up with more overall profit, the individual maybe breaks even.
This is why employers should be in favor of universal healthcare, or at least single payer. It will save them money. I don’t get why all the other industries kowtow to the health insurance industry.
Because they like having workers rely on them for healthcare. It makes them put up with worse working conditions.
Still. Universal healthcare would also eliminate a reason for workers to leave for a competitor with better healthcare options.
Overall, the US healthcare insurance system puts American employers at a major disadvantage compared to global competitors that don’t have to worry about healthcare and other basic benefits.
They save money but they lose leverage. Leverage over the workforce is more valuable than the money they save.
Taxes. Healthcare lets a company effectively pay someone more money and get a tax break on that money. Universal Healthcare then makes both an effective pay cut and tax increases for business. The business may end up with more overall profit, the individual maybe breaks even.