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3M Co. will drop retirees from health plans, steer to Medicare
Bizjournals.com ^
| 10/4/2010
| Sam Black
Posted on 10/05/2010 8:46:17 AM PDT by Qbert
click here to read article
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1
posted on
10/05/2010 8:46:21 AM PDT
by
Qbert
To: Qbert
2
posted on
10/05/2010 8:47:29 AM PDT
by
TSgt
(Dwayne Elizondo Mountain Dew Herbert Camacho - 44th and current President of the United States)
To: Qbert
Umm... 3M is discharging retiree med care to Medicare and Medicare is going to pick up the tab for the coverage? Is it just me, or is that just completely ass backwards?
3
posted on
10/05/2010 8:47:37 AM PDT
by
rarestia
(It's time to water the Tree of Liberty.)
To: Qbert
This could put retirees in a bit of a jam considering that Doctors are dropping their medicare practices left and right.
4
posted on
10/05/2010 8:50:04 AM PDT
by
albie
To: rarestia
They will pay the retiree the cost of a Medicare Supplement and Part D plan, I suspect.
To: rarestia
Most companies dumped their retirees on Medicare years ago.
The few that didn’t, did it when Bush rolled out the Prescription coverage.
I’m curious if Obamacare was somehow an added impetus for this move, or whether 3M was just behind the ball.
6
posted on
10/05/2010 8:51:33 AM PDT
by
DannyTN
To: albie
Gee, who saw this coming?
Oh, thats right. Conservatives did. Everything we said would happen is.
7
posted on
10/05/2010 8:52:08 AM PDT
by
Crazieman
(Feb 7, 2008 http://www.freerepublic.com/focus/f-news/1966675/posts?page=28#28)
To: TSgt
Maybe you can keep your plan, the plan won’t keep you.
8
posted on
10/05/2010 8:52:59 AM PDT
by
AU72
To: Qbert
WOW, didn’t see that one coming............................/s
9
posted on
10/05/2010 8:53:25 AM PDT
by
Red Badger
(No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
To: Qbert
Watch for Kathleen Sebelius to threaten to put the upper management of 3M in prison for this.
10
posted on
10/05/2010 8:53:28 AM PDT
by
Steely Tom
(Obama goes on long after the thrill of Obama is gone)
To: Tucson Jim
So 3M is paying them to go on Medicare? I didn’t read it that way, but it makes more sense.
Then again, we live in upside-down bizarro world now, so “sense” is definitely something at a premium right now.
11
posted on
10/05/2010 8:53:37 AM PDT
by
rarestia
(It's time to water the Tree of Liberty.)
To: Qbert
I know some folks that are getting dropped also...I think their’s was with Whirlpool. Whirlpool will give them a small stipend (something like 50 bucks per month) to pick up a secondary in addition to their Medicare.
12
posted on
10/05/2010 8:55:39 AM PDT
by
dawn53
To: Steely Tom
Why would she do that? It is exactly what Obama and his ilk want! Destroy private health care insurance so that the Government will be ‘forced’ to implement the SINGLE PAYER plan, like it always intended.
13
posted on
10/05/2010 8:59:28 AM PDT
by
Gaffer
("Profiling: The only profile I need is a chalk outline around their dead ass!")
To: Qbert
Barack Obama, June 23, 2009 :
"Let me be clear, When I say if you have your plan and you like it, or you have a doctor and you like your doctor, that you don't have to change plans, what I'm saying is the government is not going to make you change plans under health reform."
To: Qbert
“Nobody will lose or have to change their current coverage”.
To: Qbert; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; dools0007world; Gilbo_3; ...
RE :”
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. “
Considering Medicare is currently running a deficit, and the Obama deficit commission (and maybe some Republicans) want to cut this benefit for some retirees for the deficit, this does not sound like a good development.
16
posted on
10/05/2010 9:02:00 AM PDT
by
sickoflibs
("It's not the taxes, the redistribution is the federal spending=tax delayed")
To: Qbert
17
posted on
10/05/2010 9:02:55 AM PDT
by
facedodge
(Nothing is so permanent as a temporary government program. ~Friedman)
To: dawn53
“In its memo, the company said the new health-reform act would create new opportunities for people in their 50s and 60s to find affordable insurance.”
Just like the pink slip is “new opportunities to find a better job”. I always look forward to taking an entry level job when I'm 55. Just redistributin da wealth.
18
posted on
10/05/2010 9:04:04 AM PDT
by
bitterohiogunclinger
(Proudly casting a heavy carbon footprint as I clean my guns ---)
To: SeekAndFind
The key operative words from Obama here are: "if you have your plan...
19
posted on
10/05/2010 9:04:46 AM PDT
by
Obadiah
(I can see November from my house!)
To: Qbert
No, this story can’tbe true. President Obama said anyone who liked their plan could keep it.
20
posted on
10/05/2010 9:05:00 AM PDT
by
Mr. Silverback
(Anyone who says we need illegals to do the jobs Americans won't do has never watched "Dirty Jobs.")
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