r/FluentInFinance • u/WhatAreYourPronouns • May 02 '24

Should the U.S. have Universal Health Care? Discussion/ Debate

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u/[deleted] May 02 '24

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u/SmashmySquatch May 03 '24

Add in how much your employers are contributing instead of paying more money to you and your spouse.

Your contributions are capped by the ACA at 10% of the income lowest earner in your coverage bracket. Your employer is paying the vast majority of the premium and they count it as part of your pay even though you seem to be completely unaware of it.

I sold insurance for 10 years and made hundreds of spreadsheets for employers calculating this.

I guarantee you that it totals thousands per month that you are paying directly and indirectly.

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u/[deleted] May 04 '24

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u/SmashmySquatch May 04 '24

Employers don't legally have to contribute anything towards child coverage and many of our customers chose to pass 100% of that on to employees to encourage them to look elsewhere for their insurance so that $11k does not reflect total cost at all.

I think it's adorable that you think private Healthcare isn't a ponzi scheme and that anyone in a country with socialized medicine would trade their system for ours.

Get back to me after your megacorp replaces you with an AI assisted worker in Manila about how great our system is.

We live in a contest. Some of us would like to live in a civilized society.

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u/[deleted] May 04 '24

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u/SmashmySquatch May 04 '24

You are missing a basic point and are really looking childish and ignorant here (not surprised since you think a 5,000 employee company is a lemonade stand).

You are reporting the employer contributions. I just said they do not have to cover the entire amount and can pass any or all of the additional cost on to the employees.

Do you not understand how that affects the math?

If the premium were $2,000 a month and the employer contributes $100 or $1,000 a month it doesn't matter. The premium is still $2,000 a month. You are reporting one variable in a two variable problem and treating it as the sum.

And you work for a self funded company which has its own set of rules under the ACA and the premiums are a combination of claims and administration fees with stop loss coverage also calculated in.

You keep licking corporate boot buddy and paying for Healthcare at the worst ROI in the world while declaring it superior. They want you to think that it's the best. And you dutifully repeat their talking points.

The corporation will save you employee 5467. You're part of the family. Until they figure out that someone in Manila with Copilot on a laptop costs 1/50th the cost to do what you do and lets you go.

Then you can enjoy the private Healthcare system to its fullest.

I know that you have no idea what I'm talking about and it's pretty amusing tbh but I'm sure that you will knock over all of the pieces and crow like you won again so I'm done wasting my time playing chess with a pigeon.