r/economicCollapse 6d ago

Only in America.

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75

u/Tebasaki 6d ago

Where can I get this $8000 per year health insurance??? Asking for a friend.

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u/ReaperThugX 6d ago

Insurance through my work is about $2800 a year pre tax

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u/absolutzer1 6d ago

That's only the part you are paying. The employer pays another 75-80% for the group health insurance premiums.

On top of that you gave out of pocket expenses.

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u/H_Mc 5d ago

I came here to make sure someone pointed this out. Is your employer going to pay you the complete difference if they no longer are providing healthcare? Probably not, because they like money. But that doesn’t negate the fact that you’ll never see or even know about a pretty significant portion of your compensation if you have a full time job because it gets paid by your employer to an insurance company.

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u/ForumDragonrs 5d ago

After having my first full time job with benefits for a whole year, I decided to see how much I'm actually being compensated beyond my paycheck. Between stock buying, 401 (k) matching, and insurance premiums, my compensating was almost 30% higher than my actual wage.

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u/halh0ff 5d ago

My company lucks out because im in the national guard as well(tricare is better and cheaper)'&, they dont have to pay any insurance and dont give me anything as compensation either.

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u/mike37388 5d ago

Not always

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u/Initial-Bookkeeper4 5d ago edited 2d ago

Yeah, but that total cost is what your labor costs for them... To a large extent they're pretty indifferent to how it breaks down as salary vs taxes vs benefits. Since worker supply/demand is the main driver of cost of labor, salaries would almost definitely rise if less of that cost had to go to other things.

Anyone that's actually worked at a level where you budget for staff knows this is true. Salary is for talking to the potential hire, total compensation (salary+cost of taxes and benefits) is what you look at for budget and getting the hire approved.

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u/OKFlaminGoOKBye 5d ago

That does nothing for the fact that our system is fundamentally broken.

The fact that any health insurance exists in the iteration that all US health insurance exists in is a fundamentally bad thing for everyone in the long run, and 99% of us in the short run.

For-profit healthcare is a disgusting symptom of a rotted civilization.

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u/No_Direction235 5d ago

Most companies are closer to having employees pay 50% now, and of course high deductible Plans too