Netflix Inc., Facebook Inc. and Tesla Motors Inc. have all been added to the growing list of companies that offer health insurance benefits for employees seeking a sex reassignment surgery, according to the HRC’s Corporate Equality Index 2015.
“It becomes a bit of a rat race as to who can out-commit whom,” with diversity initiatives, said James Baron, a professor who studies human resources at the Yale School of Management. “Committing to this form of equality allows a company to put another arrow in its quiver without terribly profound cost implications.” […]
One in about 10,000 to 20,000 employees typically uses gender transition coverage per year, according to a study by Jody Herman, who researches law and public policy related to gender identity at the University of California at Los Angeles. Since the University of California schools added related benefits in 2005, fewer than a dozen people a year out of more than 100,000 have used the benefits, according to a California Department of Insurance report. The average claims cost was $29,929.
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