SEC Backs Vote on Health Care Proposal | Arthritis Information
NEW YORK TIMES
S.E.C. Backs Health Care Balloting
Published: May 27, 2008
WASHINGTON — The Securities and Exchange Commission, shifting its position, has told companies they must allow shareholders to vote on a proposal for universal health insurance coverage.
Shareholders, including religious groups and labor unions, have offered the proposal in an effort to draw the nation’s largest corporations deeper into a debate over the future of health care, fast emerging as one of the most important issue in domestic policy.
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Joie, I'm confused. " Universal Health Care " as provided by the company ? So if I own 2 shares I get to vote on that companies health care? I don't even work there yikesMy understanding is that the shareholders would be voting on a "proposal" that asks companies to adopt “principles for comprehensive health care reform.” From the article, "The shareholder proposal would not require companies to provide health benefits for employees, but asks top corporate executives to view the issue in a broader context, as a question of social policy." Some shareholders withdrew their request to vote on the proposal after companies agreed to deal with the issue in a dialogue rather than through the proxy process.
Health care reform is not only a concern of the public but also employers. I think these shareholders are trying to bring corporations to the the table to discuss the issue of affordable health insurance. If we're to fix our health care system, all stakeholders must be involved in working toward a solution. Health care costs are projected to double in ten years, so we need to get on with it.
Have a pain free day.
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