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In Europe your health is not tied to your employment in any way. If companies want to keep a valuable employee they have to do something positive and entice them to stick around.
That is an important point. It is not just health care, but in many cases, your actual health that is tied to your employment. This is going to change, because it does not work well. I work in research, which has very busy periods, followed by slower ones. One upshot of my job is that I do get rewards from effective work, in terms of grants, increased salary, and independence. The downside is that when funding is low (and currently it is very low), sometimes effective work goes unrewarded for so long, that you lose your job.