Question

Ethics in Business and Accounting Question

Do you think large corporations, such as Walmart, are ethically responsible for providing employees with private insurance and health care (self-regulated) or do you feel this is something the government should be responsible for enforcing (regulation) or providing separately (universal health care)? Neither? Both? Somewhere in the middle?

Answer 1

The Corporation and government, both should be ethically responsible for private and health
insurance. The reason of responsibility for insurance on both corporation and government is
that governments of many countries has provided insurance to cover life and health risk of
citizens of the country is not enough to compensate fully expenses or loss, that is there is
under limit of insurance coverage, which can be extend if corporation additional provide
insurance converage. The second reason is that every citizen of the country is not working as
employee, some of them are self employed. So if government provide insurance then self
employed peoples also will get benefited by this. Some of the country has already taken
initiative for both coverage i.e. Australia, Canada, etc. However many country yet to adopt
and expand their insurance coverage by both as world average public and private health expenditure
as percentage of GDP are 9.9 percentage, which need to expand.