Pete Bryant, a leader of a Maryland-based bricklayers union, faced a difficult decision last year over how to apply the nation's new health care law to his 1,400 members: He could offer them nearly limitless health insurance, as the law demands, or he could try to get around the requirement.
The decision to provide the most comprehensive health coverage available should be a no-brainer, Bryant said. But the cost of providing coverage with virtually no annual cap on payouts — which government regulators acknowledge can raise premiums as much as fivefold — would likely reduce the number of construction projects that contractors would be willing to pursue. That could put workers out of a job, leaving them with no health insurance at all.
1 comment:
since our government has decided to "straighten" things out, my insurance premiums have increased steadily every 6 months. Most recently, my rate for just me and my child was raised to $1200 per month!!! And this is through the state of Maryland's program to help family's who don't have insurance get on a plan (MHIP). I don't know what is worse, our government or the greedy insurance companies. Needless to say, we can no longer afford insurance premiums that are more like mortgage payments.
Post a Comment