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Elite schools cut Insurance to grad families.(NEWSWATCH)
In a move that seems like cutting off one's nose to spite its face, several elite schools with huge endowments are cutting family health insurance coverage to its grad students, most of whom earn less than $20,000 a year and cannot take extra jobs. They are the schools' future faculty.
Stanford University CA, with an endowment of $17.2 billion, cut its family health plan serving about 110 families in 2006. The University of California at Berkeley had served about 100 grad student families before ending its program.
Instead, grad students with families are forced to buy taxpayer-subsidized insurance or do without, ...
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