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UPS Health Benefits Shock for Retired Union Employees
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<blockquote data-quote="TechGrrl" data-source="post: 1074992" data-attributes="member: 4932"><p>The $50 per month part is incredibly cheap. $8910 per year for family coverage is actually pretty reasonable. I know management people who left the company, and they were paying $1300/month for their COBRA coverage, which matches what the company tells us every October. I know the company pays about $9500 per year for me for INDIVIDUAL coverage, and would be almost twice that if it was family coverage.</p><p></p><p>So if the Teamsters are able to keep that $50 per month premium, the money is going to have to come from somewhere.</p><p></p><p>Forget the Affordable Care Act for a moment. Health care in this country eats up almost 1/5 of our GDP. That is unsustainable. That includes drug prices that are ridiculous. For those who love to yak about deficit spending, the Medicare Part D drug benefit was completely unfunded when Pres. Bush and the GOP congress passed it. They also gave a big big benefit in corporate welfare to Pharma, by specifying that the US Government COULD NOT negotiate drug prices for this benefit! So Medicare Part D costs more than what the VA pays for the same drugs.</p><p></p><p>The ACA keeps all insurance in the hands of the private, for profit insurance companies. And yet, most GOP governors refuse to set up health insurance exchanges for people to be able to shop for individual policies, leaving it to the Federal Government. What sense does that make?</p><p></p><p>The US is dead last among industrialized countries for the expense of our health care system, with worse outcomes. Of course, those other countries have far tighter government control over the whole system than we do.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 1074992, member: 4932"] The $50 per month part is incredibly cheap. $8910 per year for family coverage is actually pretty reasonable. I know management people who left the company, and they were paying $1300/month for their COBRA coverage, which matches what the company tells us every October. I know the company pays about $9500 per year for me for INDIVIDUAL coverage, and would be almost twice that if it was family coverage. So if the Teamsters are able to keep that $50 per month premium, the money is going to have to come from somewhere. Forget the Affordable Care Act for a moment. Health care in this country eats up almost 1/5 of our GDP. That is unsustainable. That includes drug prices that are ridiculous. For those who love to yak about deficit spending, the Medicare Part D drug benefit was completely unfunded when Pres. Bush and the GOP congress passed it. They also gave a big big benefit in corporate welfare to Pharma, by specifying that the US Government COULD NOT negotiate drug prices for this benefit! So Medicare Part D costs more than what the VA pays for the same drugs. The ACA keeps all insurance in the hands of the private, for profit insurance companies. And yet, most GOP governors refuse to set up health insurance exchanges for people to be able to shop for individual policies, leaving it to the Federal Government. What sense does that make? The US is dead last among industrialized countries for the expense of our health care system, with worse outcomes. Of course, those other countries have far tighter government control over the whole system than we do. [/QUOTE]
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