Free-Market Health Care

Xerox Prepares to Free Employees from Limited Insurance Options

In a powerful act of courage that opposes conventional practice, Xerox officials have proposed putting employees in charge of their own health insurance within seven years. Xerox plans to give at least $5000 to each of their 50,000 employees so they can purchase a portable customized insurance policy. A portion of the money must be used for insurance, and would therefore be tax-exempt, but the remainder would be taxable cash compensation.