We’ve already identified kids and low-income workers as groups that are being hurt by the new scheme for government-run healthcare. Now we can add retirees to the list. Gee, I wonder what happened to that promise about being able to keep your existing health plan? Here’s an excerpt from a story in the Wall Street Journal.
3M Co. confirmed it would eventually stop offering its health-insurance plan to retirees, citing the federal health overhaul as a factor. The changes won’t start to phase in until 2013. But they show how companies are beginning to respond to the new law… 3M illustrates that others may not opt to retain such plans over the next few years… The company didn’t specify how many workers would be impacted. It currently has 23,000 U.S. retirees. …Sen. Charles Grassley, an Iowa Republican, said that “for all the employees who were promised they’d be able to keep their current benefits after the health-care law passed, I’m worried that the recent changes we’ve heard about…are just the beginning.”