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ObamaCare: Company dropping retirees from medical coverage... Thoughts?

Remember when..... Barack Obama, many times in 2009, promised that no one’s current coverage would have to change if Congress approved ObamaCare?
But then again, Pelosi said they had to pass it, to see what was in it...

~~~~~
3M Co., citing new federal health laws, said Monday it won’t cover retirees with its corporate health-insurance plan starting in 2013.

Instead, the company will direct retirees to Medicare-backed insurance programs, and will provide reimbursement for that coverage. It’ll also reimburse retirees who are too young for Medicare; the company didn’t provide further details.

The company made the changes known in a memo to employees Friday; news of the move was reported in The Wall Street Journal and confirmed Monday by 3M spokeswoman Jackie Berry.

Answer Question
 
grlygrlz2

Asked by grlygrlz2 at 11:31 AM on Oct. 5, 2010 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (40)
  • 3M noted that these changes affect current and future retirees of 3M, regardless of their retirement date. Read more: 3M Co. will drop retirees from health plans, steer to Medicare - Minneapolis / St. Paul Business Journal


     

    grlygrlz2

    Comment by grlygrlz2 (original poster) at 11:34 AM on Oct. 5, 2010

  • Not a bit of a suprise. But many companies are doing that.
    Carpy

    Answer by Carpy at 11:45 AM on Oct. 5, 2010

  • 3m appears to be the first large US corp to announce this formally to the media and their employees, I wonder who will follow.......
    grlygrlz2

    Comment by grlygrlz2 (original poster) at 11:53 AM on Oct. 5, 2010

  • this is just the beginning, they want us all under the Government care. And only the Politicians will have private doctors.
    gammie

    Answer by gammie at 12:02 PM on Oct. 5, 2010

  • I have never heard of a company providing health insurance for their RETIRED employees. If 3M will help out by working with Medicare, and reimbursing them --that is a whole lot better than most companies.
    WHat makes anyone think retired people will still be able to continue the Health Care from when they were employed? Nuts.
    Retirees either have Medicare or, if they are not yet 65, they buy their own Health Insurance.(Expensive health insurance)
    gertie41

    Answer by gertie41 at 12:08 PM on Oct. 5, 2010

  • have never heard of a company providing health insurance for their RETIRED employees


    OHHHHHH my...   MOST large companies offer retirement insurance... The union demands it for their employees....  Which is one reason GM/Chrysler went BROKE!  Seriously?  You don't seem very informed about how the private sector works, gertielou...

    grlygrlz2

    Comment by grlygrlz2 (original poster) at 12:14 PM on Oct. 5, 2010

  • WHat makes anyone think retired people will still be able to continue the Health Care from when they were employed?


    Because it is part of their BENEFITS package.... Well, at least it WAS.....

    grlygrlz2

    Comment by grlygrlz2 (original poster) at 12:15 PM on Oct. 5, 2010

  • Nuts. Retirees either have Medicare or, if they are not yet 65, they buy their own Health Insurance.(Expensive health insurance)


    Noooooo, those are not the ONLY choices... Many corporations (Proctor& Gamble, Caterpillar, AutoMakers, IBM, Compaq, etc, etc, etc) have coverage that people pay into through their benefits package through their company...  Wow, you really don't get the private sector, do you?  And now, 3M is taking that option away.... 

    grlygrlz2

    Comment by grlygrlz2 (original poster) at 12:18 PM on Oct. 5, 2010

  • So, let's try some Government infused economics..... Gertielou when MORE people are added to Medicare, what do you think will happen to the cost of Medicare?

    grlygrlz2

    Comment by grlygrlz2 (original poster) at 12:19 PM on Oct. 5, 2010



  • Noooooo, those are not the ONLY choices... Many corporations (Proctor& Gamble, Caterpillar, AutoMakers, IBM, Compaq, etc, etc, etc) have coverage that people pay into through their benefits package through their company... Wow, you really don't get the private sector, do you? And now, 3M is taking that option away....


    Comment by grlygrlz2 (original poster
    ******************
    I have worked for large and small banks, large and small companies (finance and accounting) since I was in college in the 1960's.. Benefit packages didn't continue after retirement. At retirement,you either get Medicare or buy your health insurance.
    gertie41

    Answer by gertie41 at 12:24 PM on Oct. 5, 2010

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