idk man I just need to vent i guess

my employer “provides” health insurance in exchange for my time and labor, and for that great privilege they take $600 out of my paycheck every month (covers me, my wife, and our 1yo son)

that’s half our monthly mortgage payment; it’s 2/3 our monthly grocery bill

why?

  • PriorityMotif@lemmy.world
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    1 month ago

    Some companies are self insured and merely pay a health insurance company to administer the plan. They take all the excess and dump it into an investment account where they can profit off of the excess. It’s possible that their employer is coming out ahead.