Financial Daily from THE HINDU group of publications
Monday, Feb 16, 2004
Financial Daily from THE HINDU group of publications Monday, Feb 16, 2004 |
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Opinion
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Letters Social security
This is with reference to the editorial "Unhealthy prescription" (Business Line, February 13). As the editorial rightly points out, it is unfortunate that the Centre is planning to hike the eligible salary limit for contribution to the Employee State Insurance scheme from Rs 6,500 to Rs 7,500. Also, the argument that in any insurance scheme, some bundling of beneficiaries with differing risk profiles has to be accepted is not a good one, and cannot be accepted. Further, the proposed hike cannot be justified in terms of the rising costs of providing medical benefits. At nearly 6.5 per cent of salary as the combined contribution for sustaining the scheme, it is expensive when compared to the benefits that are offered. As pointed out by the editorial, it is perhaps time to look at alternative models of delivery of social security to the working class. Employees should be given the freedom to choose the type of social they need and also who should provide it. K. Sivakumar Chennai
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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