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THE REVENUE INSURANCE BOONDOGGLE: A TAXPAYER-PAID WINDFALL FOR INDUSTRY

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Nine out of ten non-elderly Americans with private health insurance receive it through their employer. 2 People generally understand how job-based coverage works, because it is the most common form of coverage. Employer coverage is subsidized, and nearly all employers pay at least half of the premium. On average, employers pay 83 percent of the cost of single coverage and 73 percent of the cost of family coverage. 3 Therefore, employees have a strong incentive to sign up for employer coverage, regardless of their health or financial status. When nearly everybody in a firm signs up, premiums reflect...
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THE REVENUE INSURANCE BOONDOGGLE: A TAXPAYER-PAID WINDFALL FOR INDUSTRY

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