“Starting this fall during open enrollment season, Aetna will subsidize “a signficant portion” of the Apple Watch cost and will offer monthly payroll deductions to cover the remaining cost.”
Of course your premium will go up correspondingly, and perhaps a bit more, to cover the free watches for the employees.
I don't know if they will. My girlfriend is insured through her employer with Aetna. They will provide her a $160 discount her portion of the monthly cost per month if she meets three out of five health test parameters. $80 per month for meeting two of the five. Since she meets four of the five, at $160 per month, that's $1920 a year she saves.
It's therefore beneficial to Aetna to get as many of their customers into that category by subsidizing the purchase of a $299 Apple Watch, then they've saved money a lot less expensively!
Insurance is inherently “socialistic” in the sense that it places you and me in a pool by which you subsidize the risks which I could control better than I do, and vice versa. The only reason it works at all is that
So you’re insured -
Remember kiddo
they don’t pay you
they pay your widow
Burma Shave