Left Bank Books pays 100% of our full-time employees’ health insurance premium.
I’d like you to let that sink in for a moment, because this fact is one of the reasons I decided to become an owner of this St. Louis institution.
I’ll also let you in on another secret – by the end of this year, my bookstore will have paid $270,550 over the past five years for health insurance. Our group is (obviously) small; an average of 12 people are enrolled. Each bookseller’s premium averages out to about $415 per month. We each have a $5000 deductible.
To put that into perspective, the average paperback retails at about $15. We pay about $8.25 to the publisher, leaving us $6.75 to pay all other expenses (rent, payroll, electricity and, yes, health insurance). That means that we have had to sell 40,082 paperbacks at full cost…
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