Thursday, May 25, 2006

Workers Can't Afford Insurance

Greed.

When executives are earning 400% of line staff salary, many of whom are going without insurance due to the prohibitive costs. An article in the NY Times reports,

"Young adults comprised 40 percent of the 6 million people who joined the ranks of the uninsured from 2000 to 2004, the last year for which data are available, according to Sara Collins, senior program officer at The Commonwealth Fund, which issued the report. Although young adults represent 17 percent of the under-65 population, they account for 30 percent of the uninsured non-elderly population, the study said."

The article goes on to note the high numbers of uninsured young people:

"There were 13.7 million young adults without health insurance in 2004, up by 2.5 million since 2000."

This colossal failure of leadership is short-sighted as well. These 13.7 million young adults are going to remember this failure when workers become scarce in the future.


BOTTOM LINE: Superior leaders seek the long-term view.

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