Updated Sep. 9, 2013 at 3:24 p.m.

Premium Lock Time Warner joins IBM in moving retirees off corporate health plan

Published: 2013-09-09 05:52:00
Updated: 2013-09-09 15:24:17

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Two big businesses, each with a major presence in North Carolina, are joining other major companies such as GE in moving retired workers to healthcare exchanges. Many more firms are expected to join the trend. "Things are going to change dramatically," one expert on healthcare trends says. "Over the next two to three years, we see a much more aggressive rethinking of what employers are going to provide."...

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My mom was put in this position last year, when my dad's company cut loose all of the retirees and their spouses (widows in my mom's case) with 90 days notice. The letter that arrived explaining what was going on looked like junk mail. We always wondered how many elderly folks never realized what was going on.
If American companies are going to walk away from their retirees then I plan to walk away from them. For the first time in my life I now plan to seek out non American companies for as many of my purchases as possible.
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