Universal HealthcareBy NextBestFit
Phase 2: Wave 1: seniors, near-seniors, and children · Step 2.3

Enforce maintenance of compensation

Years 1–4 (requirement lasts 3 years after each worker's wave) · DOL Wage & Hour Division; employers; unionsDiscuss this step
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Task 2.3.2 of 5

For 3 years after each wave, employers must pay each affected worker at least: prior premium contribution − new employer tax attributable to that worker, as wages, retirement contributions, or other benefits.

Who does it
Employers
When
Each wave
Trade-off

Mandated compensation conversion protects workers but constrains employers' pay decisions for 3 years.

Part of: Enforce maintenance of compensation

Employers that paid health premiums must convert their savings into wages or other compensation. In steady state employers paid $1.05T in premiums (private, federal, state & local) and owe $873.4B in the new tax; 85% of the difference is assumed to reach paychecks.

This step changes 1 existing laws, programs, or institutions. See the list.