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Fox: Many large companies dropping health care insurance for their retirees
Fox News Channel | 3/25/10

Posted on 03/25/2010 10:25:48 AM PDT by pabianice

click here to read article


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To: EdReform
The union retirees have contract protection for their highly subsidized plans. The companies would have to re-negotiate those contracts to drop them entirely or reduce their benefits.

Non-union retirees get their coverage under corporate benefit plans, which are non-contractual. The retirees who have to worry the most are those whose former employers subsidize their coverage. Those subsidies are likely to disappear. The company may then still offer the coverage, but the retiree will pay full freight.

81 posted on 03/25/2010 11:13:43 AM PDT by blau993 (Fight Gerbil Swarming)
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To: Freds2nd

Lucent also was on the verge of bankruptcy several years ago, as I recall.


82 posted on 03/25/2010 11:16:40 AM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: Frantzie

I’m sure there is something in the health care bill that will make sure the taxpayers have to cover THOSE PEOPLE.


83 posted on 03/25/2010 11:16:46 AM PDT by Trust but Verify
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To: Col Frank Slade

More hogs at the public trough is to the Democrats’ perceived interest, i.e. move votes.


84 posted on 03/25/2010 11:18:38 AM PDT by monocle
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To: Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; Allerious; ...
And so it begins...



Libertarian ping! Click here to get added or here to be removed or post a message here!
View past Libertarian pings here
85 posted on 03/25/2010 11:20:16 AM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: wordsofearnest
I’ve have never understood why a business would pay for retiree’s healthcare.
Maybe because they worked their butts off for many decades and the company made tons of profit.
Quite a concept.
86 posted on 03/25/2010 11:21:33 AM PDT by oh8eleven (RVN '67-'68)
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To: ducttape45
That’s what Rush was saying Tuesday. He had that lady from Atlanta on the phone and she said her company was thinking of moving to Costa Rica. I guess if any of us want jobs we’ll move with them!

Actually, Stacy from Atlanta indicated that the change in required reserves and immediate impacts of new patient loads without increased premiums would put them out of business. Stacy and others in her field are looking for a new line of employment because the insurance business is about to implode.

87 posted on 03/25/2010 11:22:37 AM PDT by Myrddin
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To: gidget7
Anyone who gets SS must use medicare
IF they are 65 or older. You can get SS at 62, but not medicare.
88 posted on 03/25/2010 11:23:46 AM PDT by oh8eleven (RVN '67-'68)
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To: pabianice

Just wait until they see all the people who quit working now (they worked to get company health insurance) and start drawing off SS.


89 posted on 03/25/2010 11:24:47 AM PDT by HereInTheHeartland (The End of an Error - 01/20/2013)
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To: All

any links yet to original statements on fox?


90 posted on 03/25/2010 11:25:36 AM PDT by CharlotteVRWC
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To: NMEwithin
Ahhh...all true
BUT
MaoBama didn't say that the insurers would keep YOU
91 posted on 03/25/2010 11:25:37 AM PDT by TxAg1981
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To: gidget7
And just as a side note, people don’t “love” their medicare
People, as in all people? Both my parents and in-laws were on for 15+ years and I never heard a single complaint.
92 posted on 03/25/2010 11:26:29 AM PDT by oh8eleven (RVN '67-'68)
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To: wordsofearnest
I’ve have never understood why a business would pay for retiree’s healthcare.

To discourage attrition and provide an additional benefit as part of its total wage basket to attract labor.

93 posted on 03/25/2010 11:26:32 AM PDT by Texas Federalist
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To: pabianice
..and the Administration will hold up these examples to the American people that they cannot trust their healthcare to their employers, therefore the government needs to take care of ALL healthcare.

These reactions are not unexpected by the administration. They know exactly what the 'market response' to their healthcare bill is and they are going to use these reactions to further their takeover.

94 posted on 03/25/2010 11:28:10 AM PDT by TexasNative2000 (This seems like fairly decisive evidence that the dream can, in fact, die.)
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To: gidget7

That is not true. Federal employees only get Part A and have a right to reject Part B and keep their Federal Employees Health Benefits which then pays what Medicare would pay doctors.


95 posted on 03/25/2010 11:28:50 AM PDT by PhiKapMom (Mary Fallin - OK Gov/Rick Perry - TX Gov/Coburn/Rubio - Senate 2010 !)
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To: wordsofearnest

“I’ve have never understood why a business would pay for retiree’s healthcare.”

Because for 70 years now, people can’t think of healthcare without employment or employment without healthcare.


96 posted on 03/25/2010 11:28:55 AM PDT by Tublecane
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To: pabianice

Pelosi issues a tough warning to health insurance companies

March 24, 2010

A few Democrats have expressed the fear that health insurance companies might try to ram through stiff rate hikes between now and November and blame the higher costs on the health care bill. After all, insurers fear having their profits trimmed if they will no longer be able to dump their customers when they get sick.

House Speaker Nancy Pelosi has a warning to health insurers who try to ram through rate hikes: Don’t do it.

Speaking to a dozen or so columnists a yesterday, Pelosi warned that insurance companies that gouge their customers won’t be allowed to participate in the new insurance exchanges that will become available. Those exchanges hold the potention for millions more customers, so insurers will want to be able to participate.

“Unless they do the right thing,they’re not going in,” Pelosi said. The new health care reform law allows the fed to regulate the insurance exchanges.


97 posted on 03/25/2010 11:31:02 AM PDT by kcvl
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To: pabianice

Well, gee, Nancy said we would have to pass it to see what’s in it. They certainly weren’t going to post it online for days/weeks ahead of time as promised.

OK, we see it, we don’t like it. How do we get rid of it before it is too entrenched to remove?


98 posted on 03/25/2010 11:32:06 AM PDT by Let's Roll (Stop paying Planned Parenthood to murder babies! Cut off their federal funding!)
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To: blau993
The union retirees have contract protection for their highly subsidized plans.

Contracts? Ask the bond holders of GM what a contract is worth. Ask the GM and Chrysler dealers. The Obama commies will ignore any contract that gets in the way of their agenda.

99 posted on 03/25/2010 11:33:47 AM PDT by Myrddin
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To: EdReform

Don’t know about union retirees, but a lot of companies offered early buy-outs during the last two to three years in order to reduce their expenses, among them oil companies and some in the telecommunication indutries. So there are a lot of folks in their 50’s out there who might be affected by this - and they are not old enough for Medicare. Interesting scenario.


100 posted on 03/25/2010 11:35:23 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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