Quote:
Originally Posted by geeker2
Another large cap company says they are studying transferring those 50 years + out of the Company provided plan and on to an exchange.
It just keeps getting better and better.....
|
Uh .. that's a good thing. Is that really too hard to understand? It
saves your company lots of money for them to purchase private insurance on the exchange for those more expensive older employees. Then it lowers the cost of the group insurance remaining for the rest of the employees.
I repeat - this is an advantage for companies, it gives employees better insurance at less cost to the company.
The company is still buying their insurance. The employee will probably have the same plan with a different name from the same provider.
The govrnment does not provide any insurance on the exchanges. Private companies do.
It won't change their plan. They will get more healthcare, like everyone else. The only thing an exchange is, is a competitive private marketplace for insurance to be purchased by companies and individuals. Think of it as a giant group lowering costs Pure capitalism, baby.