Re:Amazon Health
by simonebrunozzi on Wednesday January 31, 2018 @09:25PM
(#16279282)
I guess you meant "staff", not "stuff".
BTW, I think that the 19k/year is not representative of very large companies, which usually negotiate better terms. Still, your point stands.
Depends. The largest companies often self-insure, where they pay the insurance companies a fixed rate for administration, but the costs of the actual health care come out of the company budget.
Re:Amazon Health
by adventured on Thursday February 01, 2018 @01:46AM
(#16280032)
It's quite close, it's probably over $17,000 for 2018:
https://kaiserfamilyfoundation.files.wordpress.com/2016/02/8...
Re:Amazon Health
by maxerickson on Wednesday January 31, 2018 @09:54PM
(#16279369)
Overall US healthcare spending is ~$10k per person, so it is probably at least in the ballpark.
Do you have a source backing on $19K?
I've seen and paid employer health benefits bills- $15K-$24K is the range depending on the quality of healthplans.
About 10-25% of this is what employees pay as their part of the premium normally, the rest is employer paid. Stingier companies cover 75% of the employee cost and 50% of dependents cost.
Re:Amazon Health
by adventured on Thursday February 01, 2018 @01:48AM
(#16280045)
"Annual premiums reached $18,764 for 2017, up 3 percent from 2015 for an average family coverage"
http://www.ncsl.org/research/health/health-insurance-premium...
"According to the KFF 2016 survey, the average family coverage premium is $18,412 per year and single coverage is $6,435 per year."
https://www.groupmgmt.com/blog/post/2017/09/05/How-Group-Hea...
Considering the three companies have about 1M stuff in total, that represents ~$20B in annual recurring costs.
This effort combined with accelerating automation will lead to a much better capital:labor cost ratio (and, depending on who you ask, reduction in labor costs is massively bad for wealth equality).