21–30 of 36 posts
Earlier quoted context omitted.
Incorrect, due to COBRA https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/...
Do people actually sign up for COBRA? Last time I quit a job it was like $3000/month. I took my chances instead.
Forgive my shortsighted thinking, but how does this lower healthcare costs? It was mentioned as a main point, but I'm not sure how banning noncompetes would impact that.
My best guess: if you want to switch jobs and you are under a non-compete, you have to wait for a period of time before starting a new job at a competitor (typically 6-12 months, fairly common in finance). During that in-between period while you are waiting for the non-compete to expire, you aren’t covered by health insurance. And not being covered by health insurance usually increases healthcare costs.
As best as I can figure it out, it's "cost to worker" not overall cost.
I -assume- it's based on the perception that employer pays for Healthcare, so from a worker perspective it's "free". You leave the job, but the non-comptete means you're unemployable, hence pay your own Healthcare, or insurance.
It presumes a fair bit. Firstly that non-competes mean "you can't work at all". It's also unclear if the calculation assumes you get your own insurance while unemployed or not.
Personally I'm against non-competes (and I say that as an employer that's had employees leave and open something in direct competition to us, AND take customers with them.) IMO they're outside my personal ethical boundaries. So I like the rule.
Earlier quoted context omitted.
Incorrect, due to COBRA https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/...
COBRA is almost universally more expensive for individuals because they have to pay both their premium and whatever premium the company was paying.
Earlier quoted context omitted.
Incorrect, due to COBRA https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/...
Why do you claim that what I said was incorrect? I am well aware of COBRA, but have you seen how much it costs? The previous job I quit a couple years ago, I actually checked the numbers to see how much it would cost me to keep. I think I would rather go without paying close to $2k/mo for a single person insurance. Doubly so, if i actually had to not work for a period of time.
During that in-between period while you are waiting for the
non-compete to expire, you aren’t covered by health insurance.
Earlier quoted context omitted.
Do people actually sign up for COBRA? Last time I quit a job it was like $3000/month. I took my chances instead.
COBRA is simply the full price of the plan plus a small (~2%) premium. The “better” your coverage was while employed, the more expensive your COBRA plan payment would be because you’re paying for the whole thing.
Discussion on official release: https://news.ycombinator.com/item?id=40136010
Earlier quoted context omitted.
Incorrect, due to COBRA https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/...
Employers don’t pay for COBRA, and employees rarely choose to do so.
But nobody used to know that. They were routinely part of employment contracts, unenforceable, but it's what you believe that counts
Bad, mad, low life scum