Huskadoodle: What's AOL
Mitch Taylor's Bro: gar1013: Mitch Taylor's Bro: gar1013: Mitch Taylor's Bro: gar1013: Fun fact: many companies actually pay the cost of your insurance claims out of their own pocket.That insurance company you speak of? It processes claims but your employer may be the one footing the bill.It's called self-insurance./the more you know//works for a company that self insuresWhat's the benefit of doing that?Cheaper for the company.If you have enough capital, why pay to use the capital of the insurance company.So that a couple of "distressed babies" don't put the hurt on your bottom line?Seriously?Walk through what happens in the other scenario: health insurance company pays out additional claims, they raise rates. Company portion of your health insurance either goes up, or they pass it along to the employees.Exactly, then Armstrong says, "Hey, health care costs are going up, so we're cutting back." Employees grumble, maybe an article gets written about it in the business section if an editor actually goes through AOL's earnings report, but nothing of this scale get publicized.
ransack.: And the very wealthy doesn't even get to cling to the hope that someday our lotto numbers will come up and save us from our own little Hell.
dababler: I feel sad that the current generation will never experience anything remotely as active as AOL's chat-rooms during it's heyday. In retrospect it really was a unique and fascinating way of communicating.
Parthenogenetic: The Constitution does not grant anybody the right to a pension
b3x: we were told at work that our health costs were going up, and coverage was going down (thanks obama care!) because my company is 95% women, and women go to the doctor too much. I work at a women's health facility. Kind of funny, isn't it?
drxym: If the cost of health is such a burden on companies as this stupid example illustrates, then I have to wonder why they're not lobbying HARD to introduce true universal health care, paid through income taxes.
cman: How in the blue hell is AOL still making money?
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