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Brown Cafe UPS Forum
UPS Union Issues
teamcare question
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<blockquote data-quote="Bubblehead" data-source="post: 1443354" data-attributes="member: 14176"><p>Let's get back to that.</p><p>While TeamCare was not failing (yet), is it not true that approximately 2/3 of the people in the plan were retirees, with those numbers trending toward the bad?</p><p>Certainly this is not a healthy trend for any such fund.</p><p>After all, isn't it a crude but accurate assertion that young healthy people subsidize the elder in most healthcare plans, including the ACA?</p><p>Sort of a ponzi if you will.</p><p>Is it not also true, without the remainder of UPS being infused into the plan, this trend was forcasted to worsen?</p><p>Before the infusion of members, what was the long term actuarial forecast for the fund?</p><p>Are these numbers accessible to us?</p><p>Can anybody provide a link or agency that can produce these numbers?</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 1443354, member: 14176"] Let's get back to that. While TeamCare was not failing (yet), is it not true that approximately 2/3 of the people in the plan were retirees, with those numbers trending toward the bad? Certainly this is not a healthy trend for any such fund. After all, isn't it a crude but accurate assertion that young healthy people subsidize the elder in most healthcare plans, including the ACA? Sort of a ponzi if you will. Is it not also true, without the remainder of UPS being infused into the plan, this trend was forcasted to worsen? Before the infusion of members, what was the long term actuarial forecast for the fund? Are these numbers accessible to us? Can anybody provide a link or agency that can produce these numbers? [/QUOTE]
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