Company drops health coverage over going out of business
Recently, I read some unfortunate news in this USA Today article. A family-owned business with over 150 employees had to make the choice to drop group health coverage, or go out of business. Cardinal Homes was paying $846,000.00 per year for group health coverage for their employees.
Obviously, it is becoming more and more difficult for business owners to take care of their employees by providing them with group health benefits. Even more unfortunate is that individuals looking for coverage for themselves and their families are not guaranteed coverage. They can be denied for pre-existing conditions, or for other reasons. Even if they are accepted into a plan, many can't afford the $800.00+ per month premium.
An alternative is Consumer Driven Health Care. It's an affordable insurance alternative that puts the decision making back into the consumer's hands.
It's affordable, and it's here.
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Comments (6)
Robin Watson3
prof
It's not surprising to me that people cross the border for more timely health care. What's funny is that many Americans think socialized medicine (like your's in Canada) is the answer to the US's health care crisis. Obviously, it's not, since it has it's own flaws.
There certainly is no easy answer.
Joseph Botelho15
Working on one project at a time.
Hi Robin,
Here in Canada for an example and average wait for let's say an MRI is approximatly 6 - 7 months. I needed one a few years ago for a shoulder that l hurt while playing hockey and that was the waiting period, so l did what most Canadians do who need immediate results we cross the boarder and get it done within a few days. I went to Buffalo, New York which is only a 2 hour drive from my home and had it done for a fee of course. So you found many Canadians taking advantage of the A
Robin Watson3
prof
I must have missed the news, Garnet. Do tell!
Robin
Not Here8
just want my account deleted
Seeing's as you folks are on the topic of Canadian health care, it's quite interesting to note that the so-called champion of the offical party that touts our free health care as the greatest system out there couldn't wait around for his own procedure to take place and instead slipped across the border to have his little problem taken care of!
Situation in crisis indeed!
Robin Watson3
prof
Joseph,
My primary care doc is actually Canadian. She went to med school and did her internship in Canada and then moved here to open a practice. I guess all countries have their good and bad points. Having socialized health care is great as long as you can get the care when you need it.
And then, as you said, you take a good look at your income tax forms.
It's hard to know what the answer is!
Robin
Joseph Botelho15
Working on one project at a time.
Hi Robin,
Good article and rather an eye opener for may business as well as the inividuals, health care is such an important part of everyday life, one never knows what is ahead of them.
Here in Canada a little different, we have what some call free health care under the group called OHIP...(Ontario Health Insurance Plan). So most of us have that insurance coverage for most major accidents your pretty much covered......We also have our own health insurance that the (OHIP) coverage will no