And in Germany if you somehow cause more damage than that, you have to pay the remainder out of pocket, and Germany is much better at enforcing payment than any other country. That's right, if you crash into a billionaire's 2 million dollar Ferrari and total it, the state will extract one million dollars from you.
The employee pays for their insurance, out of their total comp package. Typically that gets divided into a part the employer pays behind the scenes and a portion that gets declared on the employees W2 and then deducted right back out as medical insurance. Different companies use different proportions for these two parts, but in the end it's all the same, it is coming from the total comp package of the employee.
So the employee pays for it. But of course all that money (the whole total comp package, not just the insurance part) is really coming from the employer.
So I guess you could say the employer is paying for it since that's where the money originates.
But.. the employer isn't printing that money out of thin air, it is actually coming from their revenue, so it originates from the customers of that company.
So in a very real way, it is the customers of the company that truly pay for that health insurance, in the form of higher prices of all the products they buy. This is obviously true, in that if the company didn't have to pay for any health insurance for any employee, they could have the same profit with lower prices for the consumer.
So it all comes full circle. Employer-provided health insurance is just a tax on all consumers in the form of higher prices on all products & services.
It now looks directly to the press release. Wish I could delete or edit my comment because people keep downvoting me for looking like a lunatic I guess. But overall this is what I wanted. Just the primary source. Not like it was in Korean
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