Strike at Deere plants in the US, more supply chain shortage to come

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   / Strike at Deere plants in the US, more supply chain shortage to come #572  
In Real Estate there is a lot of back and forth on what is an employee and same for ride share, auto sales, etc.

The local brokers stopped requiring floor time to avoid being construed as employee status.

The annual company Real Estate agent softball game is no more after a knee injury and a workers comp case filed…

It can depend on who is making the call…

The kid helping with yard work one Saturday is injured he is treated as a worker on homeowners insurance.

the above are just things I’ve seen.
 
   / Strike at Deere plants in the US, more supply chain shortage to come #573  
Many (Most) Companies with over 2,000 employees are self-insured. Even some with under 1,000.

They'll have a stop-loss and they'll have an Insurance Company do all the paperwork, but they're still self-insured.

IOW, your statement might say "HooFlungPoo Mutual" but they're just being paid to adminstrate it. They don't set rates.

Insurance is highly misunderstood. It's why they're the favorite bogeyman of certain types.
I don't view any industry as the bogey man. They are playing by the rules set out.

I think the point that @Cahaba Valley Farm was trying to make is that by its very nature, insurance drives up costs because it increases demand against a fixed supply. That also explains why the drug costs are so high, well that and our system of law that allows attorneys to get a cut.
 
   / Strike at Deere plants in the US, more supply chain shortage to come #574  
I think that's the real problem ;)
Hijack warning...just taught students last week about 1920s inventions... The original spelling was....

1636302154615.png
 
   / Strike at Deere plants in the US, more supply chain shortage to come #575  
So what happened after they started complaining?
The Insurance Companies caved after receiving some concessions.

The end result is higher premiums because Insurance is the middleman who will not be squeezed for long.
 
   / Strike at Deere plants in the US, more supply chain shortage to come #577  
Several companies I’ve had have left California citing risk…

It may be different elsewhere but leaving California seems to be a trend?
 
   / Strike at Deere plants in the US, more supply chain shortage to come #578  
Several companies I’ve had have left California citing risk…

It may be different elsewhere but leaving California seems to be a trend?
Yeah and a trend that is not showing any signs of slowing down any time soon. I just saw on the news the other day where they said California was outlawing small petrol engines by 2025 and forcing all the outdoor power equipment to be electric. SMH
 
   / Strike at Deere plants in the US, more supply chain shortage to come #579  
The end result is higher premiums because Insurance is the middleman
This. Again, not blaming insurance companies, they are just playing by the rules of the game....if I buy something directly from you, for, lets say $10. We agree on that price and both are happy. Then insert an intermediary. Say Cahaba acts as a go between and as such gets a 10% fee. One or both of us pay that fee. So now, the $10 transaction is $11. If the seller eats the cost, they incorporate it into future pricing for everyone. If the buyer eats the cost, they tend to buy fewer in the future or shop elsewhere... Or seek to buy direct next time. My point being that anytime you add someone to the transaction, the costs go up.
 
   / Strike at Deere plants in the US, more supply chain shortage to come #580  
So the hospitals already knew they had the upper hand and calculated how it was all going to play out.
Basically… they played their hand but without contracts eventually these limited service area hospitals would close…

It was not a given…

That is why my comment the Battle of the Titans…

Insurance Companies had a mild awakening in the realization what happens when there is just one healthcare provider in a region but in some cases a little to late when the completion is gone.

Seen studies meant to induce small regional providers to align with the industry giants and it comes down to dollars and cents.

One I was privy too said the difference changing nothing other than access to the better reimbursements would add 2 million more to the bottom line… again… change nothing as far as operation but only insurance contracts.

I have to wonder why Insurance Companies would be so short sighted in helping to create the very industry giants by squeezing the small independents so many fold?
 
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