InsideUPS
Well-Known Member
Looks like others are now joining in reducing retiree coverage. Note the UPS quote from the linked article:
"Retirees aren’t the only ones feeling the pinch. Last month, United Parcel Service Inc. told workers it would no longer provide health care for 15,000 spouses who can get benefits through their own employer. The company cited rising medical costs in general as well as the added expenses and new insurance options created by the health law."
GE, IBM Ending Retiree Health Plans in Historic Shift - Bloomberg
Ironic that our government officials named it the "Affordable Health Care Act". Affordable for who? Certainly not for the retirees that have worked their entire life for these benefits.
"Retirees aren’t the only ones feeling the pinch. Last month, United Parcel Service Inc. told workers it would no longer provide health care for 15,000 spouses who can get benefits through their own employer. The company cited rising medical costs in general as well as the added expenses and new insurance options created by the health law."
GE, IBM Ending Retiree Health Plans in Historic Shift - Bloomberg
Ironic that our government officials named it the "Affordable Health Care Act". Affordable for who? Certainly not for the retirees that have worked their entire life for these benefits.