Nothing to See Here
But I'd love my local school district to have this opportunity to be frugal with my tax dollars, because every time my school district asks for a tax increase, its been to pay for health insurance. H Edward Hanway's bonus and salary over at cigna was 22 million, plus 10 mil in options. I am sure in America someone would happily do a better job than him for $400k.
In 2007-2008 the Kingston City School District paid out $65.6 million in wages and
$22.6 million for health benefits, including basic hospital, medical, dental and
vision care and a 1.45% payroll tax for Medicare.
Under HR 676, the school district would have paid only $3.9 million for health
benefits, resulting in a savings of $18.7 million for the 2007-2008 school year.
Under HR 676, the average school district employee with an annual wage of
$44,700 would pay only $123/month in a new 3.3% payroll tax—eliminating
co-pays and deductibles.