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Ground detractors: Here's your chance.
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<blockquote data-quote="quadro" data-source="post: 813409" data-attributes="member: 12850"><p>The medical benefits just came up in another thread. FedEx is self-insured for medical so when you see an EOB that says you paid $100 for an ER visit and Cigna/Anthem paid $10000, it's actually FedEx that payed the $10k. You may not know what FedEx pays in total but you certainly know what they pay for your insurance. You can get a pretty good idea of how much health coverage costs FedEx by looking at the annual earnings release and how much is paid for benefits. The lion's share of that is health and it's a lot of money. No way FedEx is making a profit on it. Cigna/Anthem makes a profit because they are paid to administer the plan.</p></blockquote><p></p>
[QUOTE="quadro, post: 813409, member: 12850"] The medical benefits just came up in another thread. FedEx is self-insured for medical so when you see an EOB that says you paid $100 for an ER visit and Cigna/Anthem paid $10000, it's actually FedEx that payed the $10k. You may not know what FedEx pays in total but you certainly know what they pay for your insurance. You can get a pretty good idea of how much health coverage costs FedEx by looking at the annual earnings release and how much is paid for benefits. The lion's share of that is health and it's a lot of money. No way FedEx is making a profit on it. Cigna/Anthem makes a profit because they are paid to administer the plan. [/QUOTE]
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