Wednesday, October 06, 2010

Another failure of "If you like the health insurance you have now, you can keep it".

"3M drops retiree health coverage"

This comment to the story nails it:

"When employers face the reality that they can't predict future costs of retiree healthcare they decide to change to a more predictable and sustainable solution. The cost of providing the benefits is one thing, but the intrusion of government mandates is another that causes employers to be proactively cautious."

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