Cahaba Valley Farm
Veteran Member
Mine for one.Can you name companies that are exercising this "popular ploy" of not withholding payroll tax?
Mine for one.Can you name companies that are exercising this "popular ploy" of not withholding payroll tax?
I don't view any industry as the bogey man. They are playing by the rules set out.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.
Hijack warning...just taught students last week about 1920s inventions... The original spelling was....I think that's the real problem![]()
The Insurance Companies caved after receiving some concessions.So what happened after they started complaining?
So the hospitals already knew they had the upper hand and calculated how it was all going to play out.The Insurance Companies caved after receiving some concessions.
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. SMHSeveral companies I’ve had have left California citing risk…
It may be different elsewhere but leaving California seems to be a trend?
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.The end result is higher premiums because Insurance is the middleman
Basically… they played their hand but without contracts eventually these limited service area hospitals would close…So the hospitals already knew they had the upper hand and calculated how it was all going to play out.