Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (35912)	4/19/2014 8:36:35 AM
From: J_F_Shepard	Respond to of 42652

ARMONK, N.Y. – IBM has announced that it will close down its current health care plan for retired workers and subsidize health care for Medicare-eligible retirees. The announcement was made in a notice to retirees, reviewed by The Wall Street Journal and confirmed by IBM. The plan was also confirmed by a YouTube video posted by IBM that explains the new plan. In the video, Dr. Kyu Rhee, IBM’s chief health director, says that the current IBM health care model is “no longer sustainable for [employees] or the company” and that health care costs “will triple in the next few years largely impacting premiums and out-of-pocket costs.” hudsonvalleyreporter.com