Why move to the US?
#154
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Re: Why move to the US?
I was in a group of Republicans last night and the discussion got around to Manufacturing Jobs. I asked why you would want to manufacture in the US when you had a cost of $10,000 a year per employee to provide health benefits versus elsewhere where you did not.
I made up the number but it sounds about right.
They did all agree that it was a cost very few companies could afford. The one person around the table who had a reasonable number of employees does not provide benefits, no way could it be afforded.
I made up the number but it sounds about right.
They did all agree that it was a cost very few companies could afford. The one person around the table who had a reasonable number of employees does not provide benefits, no way could it be afforded.
#155
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Re: Why move to the US?
There's no requirement for a business to provide health insurance. Starting in 2014 there is a $2k fine for businesses over 50 employees who don't.
#156
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Re: Why move to the US?
I can see an awful lot of companies with 40 or so employees. If you want to go above that time to set up a new company.
And if you are a bit above that, lay off times and use more contractors.
And if you are a bit above that, lay off times and use more contractors.
#157
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Re: Why move to the US?
Some discussion of this here:
http://www.slate.com/articles/busine..._business.html
#158
Re: Why move to the US?
Worse than that there are already companies, especially restaurants, that are cutting employees hours to make them part time and therefore ineligable for employer provided health insurance - so you don't get health insurance and they reduce your pay!
#159
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Re: Why move to the US?
Starbucks?
You can bet that any low cost labour intensive business will be watching the rules.
You can bet that any low cost labour intensive business will be watching the rules.
#160
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Re: Why move to the US?
They don't have to provide health insurance now and subsequent to 2014 they'll get subsidies to do so. So why would employers with less than 50 employees drop insurance? Even for employers with more than 50 employees, it would only make economic sense if the health benefits they currently provide cost less than the $2k fine, which buys you **** all in terms of health benefits anyway.
#161
Re: Why move to the US?
Now, why would they do that? I don't know (though I presume the bean counters say it reduces overall costs), all I know is I hear fairly frequently of another employer who is cutting hours to make more staff part time to reduce health insurance costs.
Anyway, wouldn't the $2k fine look attractive for employers paying MORE than $2k per employee? .. Which I think is what I heard Caterpillar is doing.
Last edited by Pulaski; Oct 15th 2012 at 12:19 pm.
#162
Re: Why move to the US?
Because they can - smaller employers only do it to attract employees by competing with larger employers, and if larger employers drop it so will the smaller ones. You say iit couldn't happen? Look what happened to the company pension scheme! Once a few major employers dropped it, it soon became a rarity outside of government jobs .... in both Britain and the US.
#163
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Joined: Mar 2004
Posts: 2
Re: Why move to the US?
Because they can - smaller employers only do it to attract employees by competing with larger employers, and if larger employers drop it so will the smaller ones. You say iit couldn't happen? Look what happened to the company pension scheme! Once a few major employers dropped it, it soon became a rarity outside of government jobs .... in both Britain and the US.
There is no.logic in companies being involved in the health care business.
#164
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Re: Why move to the US?
Because they can - smaller employers only do it to attract employees by competing with larger employers, and if larger employers drop it so will the smaller ones. You say iit couldn't happen? Look what happened to the company pension scheme! Once a few major employers dropped it, it soon became a rarity outside of government jobs .... in both Britain and the US.
I'm all for the tie between employment and health insurance being broken. It's one of the biggest flaws of the current health care access system. And of course the ACA goes some way to levelling the playing field between employer-provided group insurance and individual policies:- another good thing about it.
Last edited by Giantaxe; Oct 15th 2012 at 2:45 pm.
#165
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Re: Why move to the US?