When an employer provides health insurance benefits as part of the compensation package, does this represent a gift by employers to their employees? Do employees earn these benefits? Why or why not? Justify your response.
When an employer provides health insurance benefits as part of the compensation package, does this represent a gift by employers to their employees? Do employees earn these benefits? Why or why not? Justify your response.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
When an employer provides health insurance benefits as part of the compensation package, does this represent a gift by employers to their employees? Do employees earn these benefits? Why or why not? Justify your response.
Expert Solution
Step 1
In an economy, employers provided insurance benefits related to healthcare allows an employee to get the cost of healthcare services paid by the employer.
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