Vermont has some interesting “Numbers” for any of you that are not so dumbed down that you can still think. Vermont has eliminated competition to Blue Cross and the Blues is taking advantage of the taxpayers to pay for 3,800 government employees.
Premiums would rise 22 percent and non-claim related expenses would more than double, totaling a $10 million boost in insurance costs, officials said. VLCT Trust paid $35 million for group medical insurance in the current year and would pay $45 million under the new rates.
“We’re not happy about it,” said Steve Jeffrey, League of Cities and Towns executive director.
“There are lots of not good options,” he said.
$45,000,000 for 3,800 employees is $11,842/per year, per employee. The monthly cost is $987/per month, per employee going to Blue Cross. If ½ of the employees are single and ½ of the employees have families, the cost for this Blue Cross coverage would be $500/per month for single coverage and $1,500/per month for family coverage.
In contrast, in Pittsburg HSA insurance cost for a 30-year-old single male is $66 a month and for a 30-year-old couple and 2 children the cost is $199/per month.
With HSA insurance the government then deposits $225 per month in the single employees’ tax free HSA and double, or $450 per month in the Families’ HSA. From the employees’ point of view, if they get sick or hurt they have a ZERO deductible that pays 100%. If the employees don’t get sick they get to keep the HSA balance plus tax free interest.
The total cost for taxpayers, if employees pay nothing, is $66 plus $225, or $291/per month for single coverage and $199 plus $450/per month, or $649/per month for family coverage.
With HSA insurance the taxpayer money goes to the employees and not to Blue Cross.
Isn’t it TIME to stop the media and politicians from pandering to Blue Cross and scamming the citizens?
Stop the Socialists / Vote Swann and Santorum
Cross-Posted at Swannblog