Companies have been cutting benefits for retirees for years. This is nothing new. I think my father had his drug benefits eliminated at least five years ago and he's a retired exec at a large company.
For all the talk of rising costs due to obama, how much of this was happening anyway? Seems like increases of 10-25 percent were becoming pretty common over the last decade.
Quote:
Originally Posted by justplugit
And so the HC Debacle continues.
3M has dropped their drug plan for their retirees. They will have no choice
but to go to Part D of Medicare to cover them and guess where the $$ comes
to pay for that? Right out of all our pockets.
Honeywell will no longer offer Group HC to retirees so guess who will be
picking up the tab for that.
This is just the beginning as companies drop their plans and turn them
over to Obama-care.
What happened to Obama's promise that you can keep your own plan
if you choose?
WHAT own plan, as companies bail out in a domino effect?
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