Question

1. What makes benefits so expensive? Would you rather have the additional money being paid for your benefits?

Answer 1

The benefit can be defined as additional reimbursement either in the form of finance, right, privilege or desirable attributes of a product. In the broad sense if one can observe benefit is a positive term which gives us a sense of fulfillment and to get it there is a cost involved as one benefits so another one loses e.g U.S government gave Obama care benefit to its citizens who can't afford them to do this there is the huge cost incurred by the government also companies give there employees bonuses which involves an extra cost to companies. if one takes the example of toothpaste people use it to get rid of germs, get rid of bad breath so these benefits are caused by quality products if toothpaste fails in the purpose of killing germs instead can get rid of only bad breath it is not benefiting its customers. To make a quality toothpaste company has to incur costs and keeping with quality also incurs large costs so overall we understand that there is always a cost involved with benefit making it expensive to the cost holder.

If one asks me to put the extra cost to earn benefit it depends on the purpose how important is the purpose if someone says me to give money to get health insurance benefIt I can put the extra cost to it or if the company is making a product like health drink which actually helps a person in getting rid of obesity or any health disorder paying an extra amount for the product would not be worthless similarly if the company is getting extra revenue from the employee because of its expertise or efficiency company will incur a cost in term of bonuses to person. The government also give benefit in the same principle they can get more from healthy population government keep on coming up with the new type of schemes which benefit its population and hence grow its nation by investing in human capital. On the other hand, making extra cost on unnecessary benefit will not be worth full to me like getting the benefit of five extra T.V channel at the cost of one. Always i will prioritize health over entertainment.