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Fri Nov 16, 2012, 12:21 AM

More American workers to pick their insurance

This discussion thread was locked as off-topic by Rhiannon12866 (a host of the Latest Breaking News forum).

Source: AP-Excite

By TOM MURPHY

For some American workers, picking the right health insurance is becoming more like hunting for the perfect business suit: It takes some shopping around to find a good fit and avoid sticker shock.

In a major shift in employer-sponsored health insurance coverage, companies such as Sears Holdings Corp. and Darden Restaurants Inc. (DRI) are giving employees a fixed amount of money and allowing them to choose their own coverage based on their individual needs.

The approach, called defined contribution health insurance, contrasts to the decades-old practice by most U.S. employers of offering workers a one-size-fits-all plan with benefits they may not want. It also means American workers who've grown accustomed to having their benefits chosen for them could wind up with bigger bills and inadequate coverage if they don't choose wisely.

"It's a big, big change in the nature of what it means to have health insurance," says David Cutler, a Harvard University economist.

FULL story at link.



Read more: http://apnews.excite.com/article/20121115/DA2IL0G80.html

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Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply More American workers to pick their insurance (Original post)
Omaha Steve Nov 2012 OP
donco Nov 2012 #1
kestrel91316 Nov 2012 #2
cyclezealot Nov 2012 #3
Rhiannon12866 Nov 2012 #4

Response to Omaha Steve (Original post)

Fri Nov 16, 2012, 12:24 AM

1. sound like

a corp shell game to me.

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Response to Omaha Steve (Original post)

Fri Nov 16, 2012, 12:31 AM

2. It's a crap shoot and you're always betting against the house -

and the house ALWAYS wins.

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Response to kestrel91316 (Reply #2)

Fri Nov 16, 2012, 01:38 AM

3. Hurray.. Most of the time we live overseas.

We don't have to waste time, finding that perfect insurance policy. Which are just all marketing gimmicks designed to NOT cover some medical situation.. Who needs Marketers when it comes to Medical insurance.
Do we ever think there is no need for cancer coverage , yet we'll need coverage for Cardiod-vascular concerns.
The whole Insurance racket is just stupid.. Even in European countries that use the private insurance model their coverage is complete and their profits regulated.
. Here, you just pay into the state plan, and no worries. All medical needs are addressed.

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Response to Omaha Steve (Original post)

Fri Nov 16, 2012, 02:13 AM

4. Locking, sorry, this is a feature story, analysis, not breaking news.

Please consider reposting in GD. Thanks!

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