Quote:
Originally Posted by ensteele
Obama care is on its way. The insurance companies are now dropping their coverage because they can not compete with the government. It does not stimulate competition like they said it would, but cut private firms from making any money at it. It will be the only option that we will be able to get here soon. My workers will be on their own and they will have to pay their own way.  |
Your previous post indicated that you had no control over the situation whereas as I now understand it, you could continue to insure your workers if you wished to do so, i.e. exactly as is the situation here in N.Z.
The basis of any insurance system rests on the numbers involved in the scheme. The greater the numbers involved, the less the cost to the individual participant. This is where a single compulsory nation wide scheme wins out. What is more when financed by the government it is bullet proof.
In this small country it has been shown that private health insurance is still commercially viable and my wife and I have personal cover. The advantage being that one can guarantee more prompt attention, in respect of non life threatening problems, which require high tech treatment. It is quite normal for many employers to subsidise workers private health insurance, on the basis of commercial common sense, there being obvious mutual advantage involved.
Life threatening medical problems are treated immediately. Accidents are covered within our accident compensation scheme and care is immediate. No private facility could compete in this regard with the excellent comprehensive medical care offered by public hospitals.
The same ACC scheme offers assistance regarding loss of working time due to an accident and this is of considerable relief to employers. Legal actions are eliminated and in this regard the saving is massive.
Yes, this can all be labelled as socialism if you will, but when considered on a commercial basis, it is the most economical and sensible approach.
I note your rather cavalier closing statement and in particular the term “
my workers”. I too have employed people on a substantial scale. The work was demanding and technical and
we comprised an effective cohesive team.
We (i.e. my business) operated a time clock only for the purpose of costing jobs. Staff did not clock on and off. Honesty was intrinsic. Acceptance of authority and promotion occurred on a natural basis. Quality control was automatic and customers complaints were zero. The place hummed. N.B. The organisation comprised privately owned limited liability companies, over which I had full authority and personally exercised complete control, and it made money.
I repeat I have no socialistic tendencies, I am a realist and adhere to commercial principals based on common sense. At the moment it would appear that in the US thoughts could be tempered a little and extended somewhat to take in a wider view of the possible potential and future. N.Z. had gone too far down a road to the left, but after the latest election is back on track. Surely a single election term will not ruin the US.