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Who should pay for retired players medical bills?
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<blockquote data-quote="TJV" data-source="post: 499417" data-attributes="member: 4300"><p>IMO for the longest time, both the NFL and NFLPA have been miserly regarding taking care of players from previous eras, particularly those who played in the ‘50s and ‘60s. Those players receive/received a relative pittance in pensions and little or no health insurance benefits as far as I know. The linked story says, “The NFL’s disability board, jointly administered by management and the players’ union, has a denial rate of almost 60 percent.” I wonder if each side has a veto and/or how often the players’ union supports the claimant.</p><p> </p><p>This is a tough issue because while there are links from playing football to ailments later in life the direct causal relationship in each case is tenuous. For example, can the current maladies of the former player be traced back to his college career? High school? Pee-wee league? Particularly the brain injuries we are seeing look to be cumulative, so how far back does liability go?</p><p> </p><p>I’m surprised the workers compensation claims aren't being awarded more readily. Anyway the NFL is cash flowing about $9B per year, there should be enough to chip in on health insurance for retirees.</p><p> </p><p>BTW, HyponGrey independent contractor status would mean no NFLPA, no NFLPA and the NFL would be exposed to anti-trust liability. That, and players have all the attributes of employees, not independent contractors…</p><p>- - - - - - - -</p><p> </p><p>Last November Chris Cox and Bill Archer wrote a piece for the Wall Street Journal on the real debt problems of our great country. Here’s the takeaway: </p><p><a href="http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html" target="_blank">http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html</a></p><p> </p><p>In addition, we are borrowing about $1 trillion per year (deficit spending) and under Mr. Bernanke’s open-ended QE3 (the third iteration of “quantitative easing”) the Fed is buying bonds from the Treasury, Fannie, and Freddie at a $85 billion/month clip (a little more than $1 trillion per year). In the short run, it’s not so bad: Check your 401(k). Where does the Fed get the money to go on this buying spree? It creates currency out of thin air. And it can continue to do that for some time: Our dollar after all is the world’s reserve currency. But what happens when the Fed has to not only stop creating currency out of thin air but must also sell the treasury bonds and mortgage-backed bonds it’s been buying? There’s already more than $2 trillion purchased in QE1 and QE2.</p><p> </p><p>But hey, by all means let's put the federal government in charge of health care. What could possibly go wrong?</p></blockquote><p></p>
[QUOTE="TJV, post: 499417, member: 4300"] IMO for the longest time, both the NFL and NFLPA have been miserly regarding taking care of players from previous eras, particularly those who played in the ‘50s and ‘60s. Those players receive/received a relative pittance in pensions and little or no health insurance benefits as far as I know. The linked story says, “The NFL’s disability board, jointly administered by management and the players’ union, has a denial rate of almost 60 percent.” I wonder if each side has a veto and/or how often the players’ union supports the claimant. This is a tough issue because while there are links from playing football to ailments later in life the direct causal relationship in each case is tenuous. For example, can the current maladies of the former player be traced back to his college career? High school? Pee-wee league? Particularly the brain injuries we are seeing look to be cumulative, so how far back does liability go? I’m surprised the workers compensation claims aren't being awarded more readily. Anyway the NFL is cash flowing about $9B per year, there should be enough to chip in on health insurance for retirees. BTW, HyponGrey independent contractor status would mean no NFLPA, no NFLPA and the NFL would be exposed to anti-trust liability. That, and players have all the attributes of employees, not independent contractors… - - - - - - - - Last November Chris Cox and Bill Archer wrote a piece for the Wall Street Journal on the real debt problems of our great country. Here’s the takeaway: [url]http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html[/url] In addition, we are borrowing about $1 trillion per year (deficit spending) and under Mr. Bernanke’s open-ended QE3 (the third iteration of “quantitative easing”) the Fed is buying bonds from the Treasury, Fannie, and Freddie at a $85 billion/month clip (a little more than $1 trillion per year). In the short run, it’s not so bad: Check your 401(k). Where does the Fed get the money to go on this buying spree? It creates currency out of thin air. And it can continue to do that for some time: Our dollar after all is the world’s reserve currency. But what happens when the Fed has to not only stop creating currency out of thin air but must also sell the treasury bonds and mortgage-backed bonds it’s been buying? There’s already more than $2 trillion purchased in QE1 and QE2. But hey, by all means let's put the federal government in charge of health care. What could possibly go wrong? [/QUOTE]
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