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Background:
More and more people are beginning to depend on weight-loss drugs. A
Background:
More and more people are beginning to depend on weight-loss drugs. As a result, some employers start to cut off insurance coverage in order to prevent escalating expenses. Here is the case of the University of Texas system (which is a non-profit organization) – Please watch the video clip below:
Insurance companies changing coverage for weight loss drugs
With regard to this issue, your hypothetical friends, A and B, presents different thoughts as follows:
Friend A: “Whatever employers they are, profit or nonprofit entities, employers cannot cut off insurance coverage even if the bills for the weight-loss drugs are climbing. Employers have an ethical responsibility to support employees, but such a cutoff will restrain many employees who desperately need weight-loss drugs and, eventually, will harm their employees’ health.”
Friend B: “It might be different when it comes to the profit-seeking entities. The Insurance coverage might encourage employees whose health situation does not need weight-loss drugs to use these drugs instead of diet and exercise. Even a nonprofit entity the University of Texas System announced such a cutoff. What should profit-seeking companies do? Profit-seeking employers can cut off the access to weight-loss drugs. ”
Question:
Whose side do you want to stand on? Why? Explain based on the goal of business and the social impact and ethics of business, using at least one ethical perspective you have learned in this course.
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