Health care reform will hurt, say major corporations.A survey of 57 large corporations conducted by Buck Buck after murder of his master, leads wolf pack. [Am. Lit.: The Call of the Wild] See : Dogs Buck clever and temerarious dog perseveres in the Klondike. [Am. Lit.: Call of the Wild] See : Resourcefulness Consultants, Inc. found most were deeply dissatisfied dis·sat·is·fied adj. Feeling or exhibiting a lack of contentment or satisfaction. dis·sat  is·fied with national health care
reform initiatives. A majority of those polled (54%) said mandating
health care benefits would hurt their organizations. Only 18% said it
would help and another 18% believed it would have no effect on their
companies. The rest had no opinion.
The corporations were particularly distributed about the possible effect of a new payroll tax Payroll Tax Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the U.S., both state and federal authorities collect some form of payroll tax. to fund a national health insurance system. When asked about the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. impact of such a tax, 75% of the respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. said they would decrease the level of medical benefits, 47% said they would reduce other employee benefits and 35% said they would decrease the number of employees. None of the respondents thought a new payroll tax would lead to increases in the levels of medical or other employee benefits or in the number of employees. Even if the tax exclusion for employer-paid health care was limited under a national health plan, a majority (52%) of the respondents would continue to offer benefits at current levels. Another 11% would cut health care benefits to the basic level and substitute higher wages for benefit cuts. Another 11% would cut benefits without substituting higher wages, and the remainder would resolve the problem in other ways. Maribess L. Miller, a partner specializing in health care at Coopers & Lybrand, Dallas, thought union contracts mandating certain health care levels probably accounted for the willingnes of a large proportion of respondents to maintain their current levels of health care benefits. In the national health care plan made reasonably comprehensive coverage available to retirees, 29% of the companies polled said they would drop retiree coverage but pay part of the cost of coverage under the plan. Only 17% said they would maintain current coverage levels for retirees. Another 17% said they would reduce retiree coverage, and 7% said they would drop it altogether. The rest were still undecided. Miller said companies appeared to be looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to reduce the liability for funding retiree medical cost by "dumping dumping, selling goods at less than the normal price, usually as exports in international trade. It may be done by a producer, a group of producers, or a nation. them on the government." |
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