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What are two reasons why employees would prefer for their employer pay for their health insurance rather than receiving increased wages and paying for their own health insurance?
Simultaneous Inflation
A situation where prices of goods and services rise at the same time across different sectors of an economy.
Prices Rising
An increase in the general level of prices of goods and services in an economy over a period of time.
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
Market Basket
A collection of goods and services used to track price changes over time for the purpose of calculating inflation or cost of living adjustments.
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