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Moen retirees to lose health care insurance
Chronicle Telegram ^ | 3/26/13 | Steve Fogarty

Posted on 03/26/2013 5:27:46 AM PDT by EBH

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To: EBH

Welcome to the Soviet Union.

Pray for America


21 posted on 03/26/2013 6:16:56 AM PDT by bray (Surviving to spite Obama)
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To: Iron Munro
We found out that it is perfectly legal for a company to promise a retirement benefit your whole working life then end it the week before you retire.

It's a crying shame though. I have known a fair amount of decent, hardworking family people who traded a better salary for good benefits. I think those people are fading as good benefits are going the way of the dinosaur. What you're seeing now among the younger versions of the benny chasers are folks who are not taking better jobs when the lower paying one they've got now is seeimingly more secure.

Yup, it's a depression out there.

22 posted on 03/26/2013 6:17:19 AM PDT by old and tired
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To: C. Edmund Wright

True, but the story does not provide any information on what percentage they pay for her medical treatments and various other things. They do mention the 26 year old insurance plans that they have to use now and birth control. As we heard during the Republican debate when the one lady wanted free birth control, the conservatives laughed at her because birth control is only 10 bucks a month.


23 posted on 03/26/2013 6:19:32 AM PDT by napscoordinator
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To: EBH

Well they passed the bill, and now we’re finding out what’s in it. Just like Nancy said.


24 posted on 03/26/2013 6:20:17 AM PDT by dfwgator
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To: BipolarBob
Which highlights the difference between legal and moral.

Yes, but... These retirees likely are better situated than most. They likely have pensions in addition to their social security. Most of them will be able to pay the Medicare and supplementals without too much discomfort. Meanwhile, Moen is still employing a lot of people who have families to feed. I could easily see where a CEO who takes away his retirees health benefits is taking the least harmful course of action.

25 posted on 03/26/2013 6:20:55 AM PDT by old and tired
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To: old and tired
Most of them will be able to pay the Medicare and supplementals without too much discomfort.

That's great for some but what about those who retired early and aren't eligible for Medicare? They worked their whole life until they couldn't go on and now are thrown under the bus?

26 posted on 03/26/2013 6:27:18 AM PDT by BipolarBob (Happy Hunger Games! May the odds be ever in your favor.)
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To: EBH

Just one more example of how easy we humans become dependent on something then squeal like a stuck pig when that something is taken away.

Businesses never should have been in the business of providing anything but X number of dollars for Y hours of work or production or commission.

We all know why it started but that does not change the fact that a business is not your mother or father.

Just like the government tells us not to feed the bears because they become dependent on food which they do not have to forage for, we humans all succumb, to one degree or another, to what on the surface appears to be free handouts.

In fact, the free handouts will always be more expensive because market forces are not in play.

Market forces will always try to push the price down while subsidized anything allows prices to rise.

Want health care to cost less or at minimum not rise faster than inflation? Offer only catastrophic coverage. Everyone should pay something otherwise we will always be in this hyperinflation spiral with health care and the communists will continue to push for One Payer (government) rationed health care.


27 posted on 03/26/2013 6:28:48 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam!)
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To: EBH

Wonder how many of these geezers voted for Obama. They have nothing to worry about. He’ll take care of them. They’ll be getting their government-issued little red pill when they exceed their allotted amount of “health care.”


28 posted on 03/26/2013 6:31:10 AM PDT by txrefugee
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To: BipolarBob
Which highlights the difference between legal and moral.

Nicely said.

“Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”

-- John Adams; 2nd US President, 1797-1801


29 posted on 03/26/2013 6:32:43 AM PDT by Iron Munro (Welcome to Obama-Land - EVERYTHING NOT FORBIDDEN IS COMPULSORY)
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To: napscoordinator

The figures you quoted are what is the demanded amount for now. But this is almost certainly going to escalate, maybe not today, and maybe not tomorrow, but soon, and for the rest of your life. Along with the escalation, there will be continuing curtailment of the services supplied, or inappropriate treatments offered, neither effective, nor, eventually, even to provide palliative care. The old will die in pain and with paralyzing disabilities.

But all that is for later. Today, your mom is probably OK.


30 posted on 03/26/2013 6:38:27 AM PDT by alloysteel (Every generation laughs at the old fashions, but follows religiously the new.)
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To: afraidfortherepublic
Thank you for your response. I feel the need to repost it, since it seems lost on many:

Well, she will have to rely on Medicare plus an add on policy and come up with some co-pays like everybody else. What did she think was going to happen? Companies have been discontinuing private healthcare insurance for retirees for the last 30 years. This should be no surprise.

Unles your an executive or in the public sector, if you have private subsidized retiree health insurance, you are incredibly rare and incredibly lucky. Moen is being silly when they say "covering birth control" was the straw that broke the camel's back.
31 posted on 03/26/2013 6:40:45 AM PDT by whattajoke (Let's keep Conservatism real.)
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To: EBH
One thing I didn't see in the article was whether this benefit was covered by a contract, either individual or union. Was the company just providing it under some non-contractual "promise" or are they breaching a contract to make this cut? And was it a real contract or did it have the all too common statement "we can change these terms anyway we want to by giving a 12 hour notice"?

If it was a contract which couldn't be changed unilaterally, then bankruptcy should be the only way it can be breached. Or if it was a union contract the union could renegotiate it and screw the retirees.

32 posted on 03/26/2013 6:43:03 AM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: EBH

Kevin Moen of “the Play” (Cal/Stanford Big Game 1982) is completely innocent of all of this.


33 posted on 03/26/2013 7:12:59 AM PDT by Verginius Rufus
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To: EBH

The Goodyear Tire & Rubber Company did this last year, effective January 1, 2013...at least for salaried retirees.


34 posted on 03/26/2013 7:16:04 AM PDT by GGpaX4DumpedTea (I am a Tea Party descendant...steeped in the Constitutional Republic given to us by the Founders.)
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To: whattajoke

“covering birth control” was the straw that broke the camel’s back.

Maybe not. Its not just for their employees. Its for every person on their insurance company’s rolls. Not to mention the subsidy for those too poor to pay anything for anything.

I’m sorry: these people made a contract with Moen and Moen with them. Moen is breaking that contract with the blessing of the feds.
And that is just wrong.


35 posted on 03/26/2013 7:18:06 AM PDT by Adder (No, Mr. Franklin, we could NOT keep it.)
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To: EBH

Obama-care!


36 posted on 03/26/2013 7:26:38 AM PDT by sickoflibs (To GOP : Any path to US citizenship IS putting them ahead in line. Stop lying about your position.)
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To: G Larry

They shut off the money faucet.


37 posted on 03/26/2013 7:33:03 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: EBH

DuPont did the same thing to it’s retirees this year. After decades of explaining how they take care of their people, they tell their retirees they are not covered by the secondary insurance they had been getting[Medicare is primary and the secondary was retiree/DuPont paid].

Times they are a’changin’.


38 posted on 03/26/2013 7:34:38 AM PDT by Hartlyboy
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To: EBH

Big deal this happened to both my parents - after they retired the companies went out of business - they lost insurance and some money. They survived and redirected.


39 posted on 03/26/2013 7:38:33 AM PDT by Pilated
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To: EBH

When I retired I was paying $88 a month for retiree health insurance. By the time I was eligible for Medicare, I was paying $440 a month.


40 posted on 03/26/2013 7:52:36 AM PDT by Retired Chemist
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