Posted on 08/06/2013 6:02:48 AM PDT by Zakeet
Employer retiree health care coverage, which has been deteriorating for years amid high health care costs and waning employer interest, is headed for bigger changes thanks to the Affordable Care Act, a new study shows.
More than 40 percent of employers have eliminated their traditional group health coverage for retirees over the age of 65 in favor of giving these former employees a defined amount of money for them to buy their coverage on the individual Medicare plan market, according to a new survey of more than 540 companies by employee benefits consulting firm Aon Hewitt (AON).
For most of these retirees, they have access to the Medicare health insurance program for the elderly so they are unlikely to be losing medical benefits. In some cases, it has been a rich benefit for retirees though it has dwindled over time in the face of rising health care costs.
These days, retirees have more choices through the so-called Medicare Advantage plan market which includes offerings from the likes of health insurance giants Aetna (Aet), Cigna (CI), Humana (HUM) and UnitedHealth Group (UNH). It’s been costly for companies to continue to sponsor their own retiree coverage in part because of this mature market.
(Excerpt) Read more at forbes.com ...
” Makes me wonder if the GOP bosses will look for a new “immigration reform” leader like Gowdy, who so far keeps more of his apparent anti-Obama reputation intact. “
That IS a good guess. He is an “unsoiled whore” right now : )
As perdogg said they are running out of time for bipartisionship.
After summer a few months to work on it and then the holiday time again Nov Dec, then a few months more and its campaign time next year.
Same ol, same ol....
“(shifting cost to government)”
No. Shifting cost to taxpayers.
Then what is the solution?
The State can’t afford to pay for medical costs. Companies can’t. Most individuals can’t afford it either.
The Boomers are heading into the high medical care age, and we don’t have a system that can care for them. Let alone my generation (which will have a MUCH shorter life span).
Who pays?
It sounds like you didn't even bother to read the comment that you replied to regarding the Ryan medicare scam specifics. You Just repeated your rhetoric from a prior comment.
Here : #18
Now read it this time and respond to it and then we can converse on the subject. You can just start with my first two paragraphs to make it easy.
The solution is that Ryan makes a public apology over his Ryan scam plan and then tells the truth about Medicare and proposes something serious.
RE Who pays?
They been borrowing to pay medicare benefits for > 5 years now but Ryan still gets on TV over and over and says its OK and we need do nothing for 10 years from some unknown date in future, first it was 10 years from 2011, now its 10 years from 2013,
In 2023 he will say its 10 years from 2023,
You don't see the scam?? Its like missing the sun in Nevada summer
I don’t have any retirement health care coverage so LUCKILY this doesn’t affect me.....*sigh*
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