Dec

15

Insurance companies swooping in for more bucks

Posted by Dan

December 15, 2008 |

The vast majority of U.S. residents receive their health-care insurance from their employers. It’s a system that many economists and politicians say no longer works. One of incoming president Barack Obama’s campaign promises was that he’d take steps to reform the way the country handles health insurance.

One of the biggest problems is that as people lose their jobs — something that is happening, unfortunately, with too much regularity these days — they also lose their health-insurance coverage.

There’s another distressing trend going on with employers and insurance companies: They’re both expecting employees to pay more for insurance.

I came across this story in the Houston Chronicle late last week. It highlights the fact that insurance companies are more frequently ever sending theri agents to workplaces to push all manner of supplemental coverage, everything from cancer insurance to pre-paid funeral expenses to insurance for pet care. Employers, apparently, love this: They tought it as a benefit they provide, though they don’t have to pay for it.

It’s just one more example, and I hate to be so negative, of the fact that your employer more than likely doesn’t care about you. Sure, the bosses want you to work hard for them. They want you to meet your deadlines. But aside from that, they don’t care. Trust me. Your employers won’t think twice if they have to let you go for cost-cutting measures. We’ve all seen enough proof of that.


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