Monday, January 5, 2015

Theory vs. practice

The New York Times tells of troubles at Harvard - hikes in their insurance due to Obamacare.
Members of the Faculty of Arts and Sciences, the heart of the 378-year-old university, voted overwhelmingly in November to oppose changes that would require them and thousands of other Harvard employees to pay more for health care. The university says the increases are in part a result of the Obama administration’s Affordable Care Act, which many Harvard professors championed.
The faculty vote came too late to stop the cost increases from taking effect this month, and the anger on campus remains focused on questions that are agitating many workplaces: How should the burden of health costs be shared by employers and employees? If employees have to bear more of the cost, will they skimp on medically necessary care, curtail the use of less valuable services, or both?
Your theory sounds nice.
How does it work in practice?
When you have to pay more, not just the theoretical rich guys you want to soak.

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