SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LindyBill3/31/2005 5:06:58 AM
   of 793914
 
From the desk of Jane Galt:
janegalt.net
Good intentions, bad outcomes

A judge has blocked a Bush administration rule that would have allowed companies to cut health benefits for retirees as they become eligible for Medicare.

Now, it's fair for people to suspect that the administration was just giving prizes to its buddies in industry on the government dime. But think about this. If you're a company like GM, paying more for retiree benefits than for the steel in your cars, are you more likely to suck up this expense . . . or cut benefits for people under 65. After all this judge just turned what might have been a five-year committment to an employee who retired at 60, to a committment of 20 years or more, which will now encompass those terribly expensive end-of-life years. Better to let your retirees go from 60-65 without health care, no?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News