Moonglow
Diamond Member
- Jun 27, 2011
- 220,345
- 52,240
Healthcare coverage exists today because about 50 years ago businesses began offering healthcare insurance along with other benefits to attract talented executives. The unions jumped on the bandwagon and healthcare became an employee benefits. For many employees, group health insurance became the only option because of the preexisting condition rules and rising cost of individual insurance. Today that has changed, the need for employer sponsored health insurance is disappearing. In the future, employer sponsored health insurance will be become a rarity as more employers move their employees to the exchanges. The increased competition will bring individual insurance prices down and both employer and employee will benefit.The decision comes as many analysts ... (are) noting that the move reflects a long-term trend of shrinking corporate medical benefits, Kaiser Health News reports ....
But UPS repeatedly cites Obamacare to explain the decision ... to save $60 million a year?
Obviously UPS is a FOX advertiser ....
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Not to mention the lowered costs of labor for an employer.