When the fear of losing one’s job is the only way to keep a family afloat, the financial institutions are the most likely to pull the plug on a patient, according to a new report from the National Consumer Law Center (NCLC).
This is the result of an increasingly desperate market, in which employers fear losing their contracts with their former employees, and the fear that a losing patient would simply walk away without the care and treatment they’ve paid for.
It’s not that employers don’t want to keep their employees, they do.
The problem is, they’re terrified.
It makes no sense.
“They want to put the patient at the mercy of their creditors, and they’re scared,” said Laura P. McGovern, the executive director of the NCLC.
The National Consumer Rights Center is an independent, nonprofit, nonprofit law firm that is dedicated to protecting consumers from abusive and deceptive financial practices.
“In the wake of the financial crisis, the U.S. has been slow to change how it treats people with financial problems.
And so it is important that the public and policymakers understand that the vast majority of Americans have been harmed by the financial industry’s conduct, and that the financial system is far from broken.
That is why it is critical that consumers have a voice in their financial futures.”
“It’s Time to Act” The NCLC report, “The Fear of Losing Your Job: The Financial Industry’s Fears of Financial Loss,” is based on research conducted in the first half of 2017, and documents how many employers have already pulled out of the market for their former staff members.
The report’s findings are chilling: Over 60 percent of employers reported that they would lose a job for refusing to work with their current employees, with most of those losing jobs being small- and medium-sized businesses.
Many employers have also decided to drop their former employee plans and stop providing health benefits to their former workers.
Even when they have maintained their former jobs, companies are opting to withdraw their employees from care.
The majority of former employees surveyed said they’d never come back to work for the same company, and over half of those who had stayed said that they’d had to pay their former employer more than the $400 a month they’d been promised.
“The fear of loss is the biggest motivator for employers to terminate a patient,” McGovern said.
“It is the one thing that keeps the employees from leaving.”
This fear is based in reality, but it’s a reality that many of the companies are refusing to face up to.
The fear of financial loss is a psychological condition that is commonly referred to as “the fear of missing out,” and it is not a healthy one.
It is characterized by an individual feeling helpless, isolated, and trapped in a world where he or she has no way to access or communicate with the world around them.
It can lead to severe anxiety and depression.
“There is little evidence that the fear or stress of missing a job can be relieved by providing adequate care or a job,” McQueen said.
The most recent survey conducted by the National Institute of Mental Health (NIMH) on the financial market found that of those surveyed who had experienced financial difficulties, only 26 percent said that their former employers made the right decision to drop them from their plans.
“These results highlight that the stigma surrounding financial loss can lead people to act in a manner that is likely to lead to financial loss, which could ultimately put them at risk for financial harm,” said David M. Miller, the director of NIMH’s Division of Mental Illness and Substance Abuse.
“When you have a financial crisis like this, the people most in need of help have few options for accessing support, and their best chance to avoid financial distress is to remain on disability.
In many cases, people on disability are denied help because they are seen as a burden to others, which can exacerbate the situation.
The fact that people with disabilities are also at higher risk for having financial difficulties is a serious problem, especially as the country’s health care system continues to fail.”
A growing number of companies are taking a stand to make it clear to their employees that the future is uncertain.
Earlier this month, the largest pharmacy chain in the United States announced it was cutting ties with its former employees.
“We’re taking a different path than many other large employers in that we’re putting our employees on disability,” said Dr. James W. Cone, executive director and founder of the National Pharmacists Association (NPAA), a national organization representing more than 3,000 pharmacists.
“That’s what we’re doing to save lives.
We’re putting them on disability to help them stay alive, because they have nothing to lose.
The pharmacy chain is trying to save more lives.”
The National Association of Attorneys General is also stepping up to the plate and providing legal support