It's about time:
The concept of tiered plans is not new, with employers that typically offer generous benefits, like universities, being quicker to try it. General Electric, for example, has long divided its workforce into separate tiers to determine how much an employee has to contribute toward insurance coverage. “Employees who are higher paid can afford to pay more,” said a spokeswoman.
This year, for example, employees at Bank of America who make $100,000 or more a year will pay at least 14 percent more for coverage for 2011. But workers who make less will actually see their contributions decrease, although their deductibles and co-payments will stay the same. Employees earning less than $50,000 could see as much as a 50 percent drop in the amount deducted from their paychecks, as compared to 2010. The bank says it is making up the difference.
So it wasn't because Walmart kept on squeezing suppliers for lower prices until they had to outsource their manufacturing operations to lowest cost sites around the world?
Thank you, I learn something new everyday.
Unc has no clue except redistribute what someone else makes. To make things better we need to have truth from the government. Lately we have had none of that from either side. We have to hold the current congress to making the changes that need to be made, or replace them next time. Less government, with less intrusive idiocies like cap and trade, obamacare...etc.
Wonder how the Germans are handling the Chinese and Indians.
Closer at home, wonder how the Googlers and Apple executives are dealing with cheap Indians and Chinese labor and work practices.
If they don't cut these things how in the world do you expect to compete with China .
China does not have pollution. EPA, OSHA, Min.wage, fair working practices, etc.
If we don't compete with China and some emerging countries we will be out of business.....
Darn if you do and darn if you don't..------------
Maybe we could become TV preachers and get paid for talking.
Uncle fur , is there a solution ?
Unc..you are right that tiered benefits are not a new concept. I worked for a company for many years where if you were under a certain annual wage they paid 100% of your healthcare benefit. Above the ceiling they paid 90%. The other thing that was fantastic is they offered more than one benefit option and the 90% was based on the highest cost option. So if you were willing to accept the restictions of the much cheaper HMO option, even if you were over the ceiling you could get 100% of your premium covered by the company.
1 thing about Unc....
Always looking for some handout from someone elses labor.
Are you saying American workers should pay the benefits for outsourced jobs workers, because American workers are paid more? You really are a looney tune. Wealth redistribution does not work. Go out and make your own. Learn to be happy with that given unto you and make the most of it.