Posted on 03/26/2013 5:27:46 AM PDT by EBH
Judy Starcovic was one of nearly 230 Moen Inc. retirees who opened letters last week informing them their company-provided health care insurance will end as of Jan. 1, 2014.
“I was there 35 years and they told me I had health care with them,” Starcovic, 71, said Monday.
The letter, which was signed by Moen President David Lingafelter, informed retirees that as of Jan. 1, Moen will no longer offer health care insurance to approximately 440 retirees in the U.S., including the almost 230 who live in Northeast Ohio and the rest of the state, according to Robyn Hill, Moen vice president of human resources.
Hill cited the cost of insurance, coupled with adapting the company’s health care to conform to changes mandated by the health care reform bill for its current workers as the reason for the change. Those moves include extending the coverage to age 26 for dependents and paying 100 percent coverage for birth control.
(Excerpt) Read more at chronicle.northcoastnow.com ...
Doesn’t anyone see the cognitive dissonance involved in paying for “birth control” for pensioners (who are very likely to be post menopausal)??
I have a client with 29 employees. Their union rep mouthed off at a recent meeting. The owner told the union rep and all in attendance that he had paid healthcare costs for all employees for 32 years. If he continued, he would pay double the costs. He told his employees that they would be on their own in Jan 2014 since he couldn’t afford the new Obamacare, he would simply cease to offer healthcare.
“The “Patient Protection and Affordable Care Act” is probably one of the most mis-named pieces of legislation ever passed in the history of the United States.”
The Earned Inxcome Tax Credit is more fradulant!
That is one of those Matt Damon, you like apples how do you like dem apples moments. I don't say that in jest, real lives are affected here, but chances are all the Union Members voted for the anointed one and were asked to do so by their Union. That must have been a shocker and it probably sucked all the 02 out the room. Well, in a sad way, these workers are now going to find out just how good the Exchanges work don't work. And on top of it?
They will pay for it in after tax dollars vs. this being a benefit which was tax free.
If they compare the real cost of the two, they may need supplemental oxygen...
Outstanding post... You make a case for the Rand Paul “Level Term/Cash Value Term” insurance policy model for Health Care he is floating. At that point you pay for your own care, but that is a huge discussion with end of life issues for another time...
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