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View Diary: The $70-Per-Hour Lie (353 comments)

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  •  Universal Health care (1+ / 0-)
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    makes worker's comp disappear. Worker's comp is abot an injury. With Universal care, there is no cost to injury. Unemployment insurance comes to mind but worker's comp is over.

    "If I pay a man enough money to buy my car, he'll buy my car." Henry Ford

    by johnmorris on Fri Nov 21, 2008 at 07:59:02 PM PST

    [ Parent ]

    •  Sorta... (0+ / 0-)

      But there are payments for long-term or permanent injuries. Also workers comp pays out bulk sums for certain injuries and deaths. However, I agree that many on-the-job injuries would disappear, thus lowering the cost to employers. Comp is a problem for many small businesses. Oh, and then there's the profit margin built into the rates.

      Wall Street, and those who love them, will fight any such move, because those comp companies keep vast reserves invested with their buddies.

    •  Incorrect (0+ / 0-)

      Workers comp also pays lost wages while you're unable to work.

      •  Worker's Comp (0+ / 0-)

        We have employer paid compulsory medical insurance for workers working 20 or more in Hawaii, also a very costly WC system. A worker with an industrial injury (or sickness) is shunted by the receptionist of every service vendor to fill out a WC claim, and the WC insurance company is billed directly, with no co-pay charged to the worker. Most of our medical insurance is provided by two large, competitive not-for-profits (Blue Cross and Kaiser). They do not provide covered services unless the WC claim is denied by the WC carrier. As you point out partial sick pay is provided by WC, also payments for permanent partial and total disability and death benefits for injury "arising in and out of the course of employment"  but we also have a compulsory TDI sickpay system with benefits like UI, waiting period and all. Hawaii is rated the healthiest State in the country and has the longest life expectancy of any state. Honolulu also has the lowest murder rate of any biggish city.  

    •  Too much misinformation here (0+ / 0-)
      1. Company paid pensions and medical insurance, and retirement benefits are only contractual. If the company revokes the contract because of exigency, or a bankruptcy judge cancels the contract, the workers get nothing. In most cases the company owns the pension reserves until they start paying a pension to a worker. A company shutting down buys a commercial annuit for the workers who are already retired or vested, and can keep the remaining pension reserves for the stockholders.
      1. Unions in joint trusteed pension plans usually negotiate protection againsr this kind of stuff. But the courts including SCOTUS are anti-worker and anti-union in these matters. 401K's belong to the worker, while most employer-trusteed plans are the sole property of the grantor except for those in which beefits have begun. Pretty rotten, huh?

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