Author Topic: BRK/JPM/AMZN healthcare tie up  (Read 8298 times)

globalfinancepartners

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #40 on: June 21, 2018, 06:55:03 AM »
You made $21/ hour pretax as an attorney??!  Yikes!


sleepydragon

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #41 on: June 21, 2018, 07:05:24 AM »
You made $21/ hour pretax as an attorney??!  Yikes!

Maybe a real estate attorney? :)

CorpRaider

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #42 on: June 21, 2018, 07:10:58 AM »
He was a first year at Cravath...but he said hourly.   ;D

DTEJD1997

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #43 on: June 21, 2018, 07:16:12 AM »
You made $21/ hour pretax as an attorney??!  Yikes!

Maybe a real estate attorney? :)

No, I was a "contract attorney" brought in to work on massive lawsuits.  It was preparation/sorting/analysis of documents.

At that point in time (2015), there were attorneys POUNDING down the door to get in...

A lot of attorneys did that work "for the big kash money!".  I was surprised and dismayed at that.  it was then explained to me that $21 an hour was SUBSTANTIALLY more than a lot of attorneys make in the Detroit market. 

Thankfully, I don't do that any more.  I feel bad for the people who still do.

It was boring, tedious work.  It was the best outcome a LOT of people could hope for though.

I could tell so many crazy/sad stories...

mbreject

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #44 on: June 21, 2018, 10:26:03 AM »
$27k is actually pretty good for a family.

My parents paid ~$35k a year (PPO, California) before my dad got Medicare. My mom's counting the days until she's 65 lol
I think free health insurance for the unemployed is why a lot of people are unhappy about Obamacare. People like my parents saw a lot of their friends quitting their jobs to travel and getting free insurance while the people who kept their jobs had to keep paying for this crazy thing.

Also, I'm pretty sure a lot of people think insurance is cheaper than it really is, because their employer subsidizes it.

I'm very hopeful about this new company and hope they open it up to other people as well.

Good points.

Concerning self-insured firms and the captive market, a practical experience (read from the scientific journal USA Today):
"As the founder and CEO of a mid-sized company that employs 180 people in the United States, I know this well. In 2018, we will pay $2.8 million to insure our workers and their families. Year after year, we have wrestled with the costs of our health care plans. And despite trying every trick in the book, our per-employee costs have tripled over the past 14 years. A family plan in 2018 will cost us $27,000, which is higher than the annual salary of one-third of all working Americans. To put it another way, we are paying $13.50 per hour per employee just to cover the health care benefit. Itís a model thatís completely unsustainable, and needs to change."


A family insurance plan costs $27k per year? 

That could almost be the wage for an employee per year!  When I was working as an attorney a couple years ago, the pay rate was $21/hour.  Something has gotten seriously, seriously out of whack.  A lot of people in America (not just fast food workers & clerks) just simply can't afford to pay that...not even close.