[whattajoke]

With only 440 retirees affected, I don’t see why they can’t continue the coverage.

The older you are, the more expensive your heatlh care and therefore health insurance is. When you have a concentrated pool of older folks, the claims experience and risk exposure never ever gets better. It gets worse every year.

Actuaries cringe at retiree plans. They are unsustainable in the private space. I have consulted with several very large, privately owned conservative firms that have done everything they can to weasel their ways out of retiree benefits. You can't even begin to imagine. Death panels in PPACA? Private firms wish that were true.

I've been privy to execs sitting around openly hoping for life support retirees to die. With a claims pool of 100 or so, that one person's $3,000,000 annual claims were driving everone's costs up to unheard of levels - and the company was paying for them.

No company will carry retiree health benefits in 20 years. None.

[taildragger]

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...