Employer-Sponsored Health Care--"The Slick Pickpocket"

From the WSJ Health Blog:

Uwe Reinhardt, a Princeton health economist, likens the employer-based health insurance to a garden party where a very slick pickpocket steals your wallet and then buys you roses and chocolates. “You’d be very grateful,” Reinhardt tells the Health Blog. Employers “are pickpockets who very skillfully take it out of your paycheck. Then they say, ‘Now genuflect.’ ”

We all know this, but it's good to be reminded. Employer-sponsored health care is inefficient and ultimately is offset by salary adjustments, not typically from the profits of the organization.