There are three segments of our society that need help –
a. Those with Major Medical Insurance who need to get control of programs
b. Those without any Major Medical Insurance who desperately need help
c. Those with Medicare and Medicaid, who have few options
This paper raises questions impacting the first segment; those with Employer provided Major Medical Insurance. The other segments will be covered later this month.
Those with employer provided medical insurance comprise the fortunate community who for the most part has a roof over their heads, heating in their homes, food on their table, and the prized Major Medical Insurance and Prescription Drugs card.
However, the cost of the insurance increases every year. Every employer believes that this is a benefit provided to employees, and it is okay for the employee to bear an increasing cost for the benefit. Every employee feels that this is an entitlement, and it is okay for the employer to incur the increasing costs of insurance.
How naïve! There is only one pot of gold, from which these costs are paid. In many parts of the world, that is called "total cost of employee to the company", or "cost to company – ctc for short".
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