WDW101Y1 Lecture Notes - Lecture 9: Absenteeism, Prescription Drug
1 Mar 2016
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Main concern with pharmacare is the cost of the program of the taxpayer. Why the government do not just pay their employee by cash. Creative psychologically feeling about employer actually cares about their employee without just paying them money. -canadian thinks only paying cash is careless, about north american culture. -people with high wages may evaluate their time-off more than the real money. -compensation package is less than the cash, what if the consumer does not actually use the insurance. -subsidies, some benefits are not taxable, employees do not pay taxes on compensation in general. Reduce turnover for benefits linked to tenure (e. g. weeks of vacation that increase with service) Canada is the only nation that has universal insurance system that does not include pharmacare. Model costs of pharmacare for prescription drugs for government. private payers and society as a whole. Cost impacts of pharmacare: covers 83% of prescription drug sales- excludes some not generally covered by public plans.
