This is a blog for the Mental Health Policy Class at the George Warren Brown School of Social Work.

January 25, 2008

Employers put health coverage in workers' hands

Nick Trikolas plans to drop health insurance for his employees and give them money to buy their own coverage. He says doing so will put him in the vanguard of a movement by employers searching for answers to rising health costs. "This may be the future of health insurance," says Trikolas, CEO of Ilios Partners in Chicago, which plans to switch its 100 employees from group to individual coverage this year. As health insurance costs continue to rise, some employers are adopting a controversial new approach: ending group coverage and giving employees $50 to $200 or so a month to help them buy their own.

2 comments:

Anonymous said...

What a cop out, an individual has not a chance to bargining alone against the Ins. giants. Copanies bargin better for their employes as a group. "50 to 200 dollars ain't nothin" as my boyz would say.

Just another way to squeeze a dollar more profit at the working class expence. No heart no soul just greed.

Ted

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