Debate two (2) advantages and two (2) disadvantages of purchasing health insurance for your employees, as opposed to having your employees receive governmental insurance.

Employee health insurance:
1. Cost savings: Employers may be eligible for group rates that provide better coverage than the individual policy. Providing healthcare benefits can also increase productivity, and decrease absenteeism.
2. Customization: Employer-provided plans allow you to tailor the types and levels of coverage offered based on your needs and budget. The company can tailor the policy to their employees’ preferences, instead of having everyone receive the same coverage under government-sponsored programs.

Health insurance is not a good idea for your employees.
1. Administrative Burden: When offering health benefits, employers must comply with complex regulations. This can prove to be difficult if the employer does not have sufficient resources. The costs of administering benefit programs for employees, such as the payroll deductions or paperwork processing must also be considered when making decisions from an organization’s perspective.
2. Employer-sponsored health insurance plans can be expensive for certain businesses, depending on their size and industry. Premiums may put the business at financial risk if they are not strategically managed over time. A large fluctuation in the price between insurance carriers, or a change in regulation may require extra resources to research alternatives on a regular basis. This could complicate decision-making processes for choosing if governmental options are better.