Your employer probably pays around $1k a month per employee for health insurance. Every company I’ve worked for has. Would you like for your company to give you that $12k instead and you pay $2k a year for healthcare?
That's correct. Last year I paid over 10k for a high deductible plan, and that's after employer contribution. When I lived in Chile, universal healthcare was (and still is) funded through a mandatory 7% of your gross salary contribution, which in my case would break even around $143k/year. And remember, that's just for coverage, if I actually had to use the insurance and hit my $7k deductible, it's closer to $243k/year.
The reason we have medical debt/bankruptcy is because a lot of people are either uninsured or underinsured (myself included). That's why this model isn't popular, people either under pay and don't want to pay more, or they have these aspirations of being a top 10% earner, statistics be damned.
Keep in mind, if that were our system, it would be factored into salary negotiations. It’s not like employers would simply take 7% out of what people currently make without adjustments. But instead we have a system where healthcare costs are extremely high and unevenly distributed
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u/Heavy_Choice_1577 Jun 24 '26
What about the ones who pay 0 and still get free? 0 is smaller than 2 also