Daily News Updates - Health Insurance News

Will Obama Health Care Prevail?, Pt.5 – Employer and employee well-being.

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The Massachusetts universal health insurance/care model has been developing a similar system for two years now and finally has things smoothing out.  They tried implementing a 6% of employee-pay as a reasonable assessment.  They found that this figure was too low for two reasons.  One reason they learned was that employers found 6% too tempting because it was cheaper than what they were already paying.  So they opted out of continuing to offer health insurance benefits in favor of the cheaper route of just paying the 6% and putting it all on the government to provide the health insurance for these employees through the national exchange system.

Not surprisingly, the other problem was that the amount of revenue from a 6% contribution fell way short of covering the additional funding required to provide health insurance elsewhere for these displaced employees.  The latest trial being used by the Massachusetts universal health insurance model is 7% and it seems to be working well.  Mr. O and his advisors have long been studying this model and likely will go with something close to this 7% figure.  But, as yet, this figure has yet to be announced and any action on this whole subject is not expected until the economy itself becomes more stable.

Meanwhile, Mr. O’s eye has always been on creating jobs.  The rein of the ‘Bush watch’ has produced the most deplorable job situation in this country we’ve experienced in 20 to 30 years and is still plummeting out of control.  The health insurance, however, still remains a top priority to Mr. O.

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